Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)
Weak Downtrend (-65) - USDMRU is showing signs of a strengthening downtrend. Monitor USDMRU as it may be building momentum to the downside.
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 Dec 4th, 2020 at 36.850000
The intermediate-term trend has been UP since Feb 18th, 2021 at 36.403521
The short-term trend has been DOWN since Feb 18th, 2021 at 36.000000
Smart Scan Analysis for USDMRU
Based on our trend formula, USDMRU is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).