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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.410 15.410 15.405 15.405 -0.005
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term up The long-term trend has been UP since Dec 2nd, 2020 at 15.42

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 15.40

short term up The short-term trend has been UP since Feb 8th, 2021 at 15.40

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).

+65
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.410 15.410 15.405 15.405 -0.005
Prev. Close Volume Bid Ask Time
15.410 2021-02-24 12:55:46
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