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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06469997 0.06469997 0.06469997 0.06469997 0.00000000
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 down The intermediate term trend has been DOWN since Dec 16th, 2019 at 0.06472024

short term down The short term trend has been DOWN since Dec 27th, 2019 at 0.06472024

Smart Scan Analysis for MVRUSD

Based on a pre-defined weighted trend formula for chart analysis, MVRUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06469997 0.06469997 0.06469997 0.06469997 0.00000000
Prev. Close Volume Bid Ask Time
0.06469997 0.06365372 0.06574622 2020-01-21 09:37:05
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