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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)
Long-Term Downtrend (-90) - USDMRU is in a strong downtrend that is likely to continue. While USDMRU is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 15th, 2024 at 39.043562
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 39.442805
The short-term trend has been DOWN since Apr 23rd, 2024 at 39.581402
Smart Scan Analysis for USDMRU
Based on our trend formula, USDMRU is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.383818 | 39.383818 | 39.383818 | 39.383818 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.383818 | 2024-04-26 07:26:06 |