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.
MarketClub’s Trade Triangles for USDMRU
The long-term trend has been DOWN since Sep 20th, 2021 at 35.987825
The intermediate-term trend has been UP since Dec 6th, 2021 at 36.313203
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).