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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Mauritius Rupee/British Pound (FOREX:MURGBP)

Bear Market Rally (-75) - MURGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MURGBP as it may be in the beginning of a reversal.

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.

FOREX_MURGBP
Open High Low MURGBP Price Change
0.01696692 0.01699864 0.01671755 0.01688450 -0.00008200
Entry Signal

MarketClub’s Trade Triangles for MURGBP

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 0.01675868

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.01715703

short term up The short-term trend has been UP since Jun 17th, 2024 at 0.01698653

Smart Scan Analysis for MURGBP

Based on our trend formula, MURGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01696692 0.01699864 0.01671755 0.01688450 -0.00008200
Prev. Close Volume Bid Ask Time
0.01696692 2024-06-20 04:22:09
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