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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)
Sidelines Mode (+55) - USDMRU is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMRU.
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 USDMRU
The long-term trend has been UP since Oct 27th, 2024 at 39.850000
The intermediate-term trend has been UP since Oct 27th, 2024 at 39.750000
The short-term trend has been DOWN since Nov 18th, 2024 at 39.836507
Smart Scan Analysis for USDMRU
Based on our trend formula, USDMRU is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.915000 | 39.915000 | 39.656604 | 39.656604 | -0.258396 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.915000 | 2024-11-19 21:06:21 |