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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

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

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 20th, 2019 at 0.06457328

intermediate term up The intermediate-term trend has been UP since Mar 17th, 2020 at 0.06461914

short term down The short-term trend has been DOWN since Mar 31st, 2020 at 0.06492549

Smart Scan Analysis for MVRUSD

Based on our trend formula, MVRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
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
0.06492439 0.06406150 0.06578947 2020-03-31 13:25:57
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