Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Weak Uptrend (+65) - MVRUSD is showing signs of weakening momentum to the upside. Monitor MVRUSD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been UP since Jun 13th, 2022 at 0.06495218
The intermediate-term trend has been UP since Aug 4th, 2022 at 0.06514935
The short-term trend has been DOWN since Aug 10th, 2022 at 0.06511038
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).