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Forex Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

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
0.06469388 0.06469388 0.06469388 0.06469388 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Nov 15th, 2023 at 0.06466783

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2024 at 0.06473577

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.06471428

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
0.06469388 0.06469388 0.06469388 0.06469388 0.00000000
Prev. Close Volume Bid Ask Time
0.06469388 2024-04-23 12:02:04
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