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.
MarketClub’s Trade Triangles for MURUSD
The long-term trend has been DOWN since Feb 17th, 2019 at 0.02869100
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.02461514
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).