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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Sidelines Mode (+50) - MVRUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MVRUSD can gain momentum.

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
0.06491974 0.06491974 0.06491974 0.06491974 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Nov 4th, 2024 at 0.06491974

intermediate term up The intermediate-term trend has been UP since Dec 5th, 2024 at 0.06473577

short term up The short-term trend has been UP since Dec 5th, 2024 at 0.06473577

Smart Scan Analysis for MVRUSD

Based on our trend formula, MVRUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06491974 0.06491974 0.06491974 0.06491974 0.00000000
Prev. Close Volume Bid Ask Time
0.06491974 2024-12-05 21:39:59
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