Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Sidelines Mode (+50) - USDMVR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDMVR can gain momentum.
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 DOWN since Jun 13th, 2022 at 15.400
The intermediate-term trend has been UP since Mar 2nd, 2023 at 15.355
The short-term trend has been UP since Mar 2nd, 2023 at 15.355
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).