Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

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.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06494602 0.06494602 0.06494602 0.06494602 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term down The long-term trend has been DOWN since Jul 6th, 2023 at 0.06510693

intermediate term up The intermediate-term trend has been UP since Sep 21st, 2023 at 0.06502226

short term up The short-term trend has been UP since Sep 21st, 2023 at 0.06493780

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).

+50
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06494602 0.06494602 0.06494602 0.06494602 0.00000000
Prev. Close Volume Bid Ask Time
0.06494602 2023-09-22 11:27:35
Get a free daily analysis and signals for Maldivian Rufiyaa/US Dollar (MVRUSD) - Request Your Free Report.