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.
MarketClub’s Trade Triangles for USDMVR
The long-term trend has been UP since Dec 20th, 2019 at 15.490
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 15.480
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).