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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.
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MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been DOWN since Nov 4th, 2024 at 0.06491974
The intermediate-term trend has been UP since Dec 5th, 2024 at 0.06473577
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).
| 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 |