Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Long-Term Downtrend (-90) - USDMVR is in a strong downtrend that is likely to continue. While USDMVR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jun 13th, 2022 at 15.425
The short-term trend has been DOWN since Jun 13th, 2022 at 15.440
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).