Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Mauritius Rupee/US Dollar (FOREX:MURUSD)
Bull Market Weakness (+75) - MURUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MURUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for MURUSD
The long-term trend has been UP since Sep 13th, 2023 at 0.02223320
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.02218878
The short-term trend has been UP since Dec 7th, 2023 at 0.02269397
Smart Scan Analysis for MURUSD
Based on our trend formula, MURUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).