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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.

FOREX_USDMVR
Open High Low USDMVR Price Change
13.7 13.7 13.7 13.7 0.0
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term down The long-term trend has been DOWN since Jun 13th, 2022 at 15.400

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 15.425

short term down 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).

-90
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.7 13.7 13.7 13.7 0.0
Prev. Close Volume Bid Ask Time
13.7 2022-06-27 13:09:11
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