Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Bull Market Weakness (+75) - USDMVR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMVR as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDMVR
The long-term trend has been UP since Nov 4th, 2024 at 15.405
The intermediate-term trend has been UP since Sep 24th, 2024 at 15.355
The short-term trend has been UP since Sep 24th, 2024 at 15.355
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.460 | 15.460 | 15.455 | 15.455 | -0.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.460 | 2024-11-19 16:10:32 |