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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Weak Downtrend (-65) - MVRUSD is showing signs of a strengthening downtrend. Monitor MVRUSD as it may be building momentum to the downside.

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.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06490386 0.06492549 0.06490386 0.06492549 +0.00002200
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 0.06486069

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2021 at 0.06494602

short term down The short-term trend has been DOWN since Feb 8th, 2021 at 0.06495218

Smart Scan Analysis for MVRUSD

Based on our trend formula, MVRUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06490386 0.06492549 0.06490386 0.06492549 +0.00002200
Prev. Close Volume Bid Ask Time
0.06490386 2021-02-24 12:55:46
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