Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Sidelines Mode (+55) - MURGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MURGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MURGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MURGBP
The long-term trend has been UP since Sep 7th, 2023 at 0.01775733
The intermediate-term trend has been DOWN since Nov 13th, 2023 at 0.01819088
The short-term trend has been UP since Dec 5th, 2023 at 0.01795003
Smart Scan Analysis for MURGBP
Based on our trend formula, MURGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).