Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Long-Term Downtrend (-90) - MVRUSD is in a strong downtrend that is likely to continue. While MVRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 21st, 2020 at 0.06449129
The intermediate-term trend has been DOWN since Jul 21st, 2020 at 0.06473577
The short-term trend has been DOWN since Jul 2nd, 2020 at 0.06490386
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).