Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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.
MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been DOWN since Dec 20th, 2019 at 0.06457328
The intermediate-term trend has been UP since Mar 17th, 2020 at 0.06461914
The short-term trend has been DOWN since Mar 31st, 2020 at 0.06492549
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).