Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Sidelines Mode (+50) - MVRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MVRUSD can gain momentum.
Is it time to buy, sell, or avoid MVRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MVRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been DOWN since Jul 6th, 2023 at 0.06510693
The intermediate-term trend has been UP since Sep 21st, 2023 at 0.06502226
The short-term trend has been UP since Sep 21st, 2023 at 0.06493780
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).