Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Weak Uptrend (+65) - USDMVR is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for USDMVR
The long-term trend has been UP since Oct 4th, 2021 at 15.460
The intermediate-term trend has been UP since Oct 4th, 2021 at 15.450
The short-term trend has been DOWN since Oct 13th, 2021 at 15.445
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).