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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)

Bull Market Weakness (+75) - USDMRU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMRU as it may be in the beginning stages of a reversal.

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.

FOREX_USDMRU
Open High Low USDMRU Price Change
36.325 36.325 36.325 36.325 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 35.987825

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2021 at 36.313203

short term up The short-term trend has been UP since Dec 8th, 2021 at 36.315000

Smart Scan Analysis for USDMRU

Based on our trend formula, USDMRU is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.325 36.325 36.325 36.325 0.000
Prev. Close Volume Bid Ask Time
36.325 2021-12-08 12:36:12
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