Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Weak Downtrend (-65) - USDMUR is showing signs of a strengthening downtrend. Monitor USDMUR as it may be building momentum to the downside.
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 DOWN since Sep 13th, 2023 at 45.00
The intermediate-term trend has been UP since Nov 20th, 2023 at 45.15
The short-term trend has been DOWN since Dec 6th, 2023 at 44.15
Smart Scan Analysis for USDMUR
Based on our trend formula, USDMUR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).