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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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.37 15.40 15.37 15.40 +0.03
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 up The intermediate-term trend has been UP since Mar 2nd, 2023 at 15.355

short term up 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).

+50
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.37 15.40 15.37 15.40 +0.03
Prev. Close Volume Bid Ask Time
15.37 2023-03-14 12:46:06
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