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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Strong Downtrend (-100) - USDMVR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMVR continues to fall. 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.
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MarketClub’s Trade Triangles for USDMVR
The long-term trend has been DOWN since May 2nd, 2024 at 15.35
The intermediate-term trend has been DOWN since Jul 19th, 2024 at 15.40
The short-term trend has been DOWN since Jul 15th, 2024 at 15.45
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.36 | 15.36 | 15.36 | 15.36 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.36 | 2024-07-24 12:36:13 |