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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.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06490386 0.06490386 0.06490386 0.06490386 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.06449129

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2020 at 0.06473577

short term down 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).

-90
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06490386 0.06490386 0.06490386 0.06490386 0.00000000
Prev. Close Volume Bid Ask Time
0.06490386 0.06406150 0.06574622 2020-08-04 09:44:22
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