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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

Mauritius Rupee/US Dollar (FOREX:MURUSD)

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

Is it time to buy, sell, or avoid MURUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MURUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MURUSD
Open High Low MURUSD Price Change
0.02525587 0.02527771 0.02501564 0.02520491 -0.00005100
Entry Signal

MarketClub’s Trade Triangles for MURUSD

long term down The long-term trend has been DOWN since Feb 17th, 2019 at 0.02869100

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.02461514

short term down The short-term trend has been DOWN since Jul 30th, 2020 at 0.02473700

Smart Scan Analysis for MURUSD

Based on our trend formula, MURUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for MURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02525587 0.02527771 0.02501564 0.02520491 -0.00005100
Prev. Close Volume Bid Ask Time
0.02525587 0.02457003 0.02583979 2020-08-04 18:34:54
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