Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Weak Downtrend (-65) - MVRUSD is showing signs of a strengthening downtrend. Monitor MVRUSD as it may be building momentum to the downside.
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 DOWN since Dec 2nd, 2020 at 0.06486069
The intermediate-term trend has been UP since Jan 29th, 2021 at 0.06494602
The short-term trend has been DOWN since Feb 8th, 2021 at 0.06495218
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).