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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)

Sidelines Mode (+55) - USDMVR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDMVR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMVR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low USDMVR Price Change
15.405 15.405 15.405 15.405 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term up The long-term trend has been UP since Dec 20th, 2019 at 15.490

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2020 at 15.480

short term up The short-term trend has been UP since Mar 31st, 2020 at 15.405

Smart Scan Analysis for USDMVR

Based on our trend formula, USDMVR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.405 15.405 15.405 15.405 0.000
Prev. Close Volume Bid Ask Time
15.410 15.200 15.610 2020-04-03 17:14:40
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