Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Long-Term Uptrend (+90) - USDMUR is in a strong uptrend that is likely to continue. While USDMUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMUR
The long-term trend has been UP since Feb 17th, 2019 at 34.9565
The intermediate-term trend has been UP since Mar 11th, 2020 at 38.0500
The short-term trend has been UP since May 29th, 2020 at 40.3000
Smart Scan Analysis for USDMUR
Based on our trend formula, USDMUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).