Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Euro/Mauritius Rupee (FOREX:EURMUR)
Bear Market Rally (-75) - EURMUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURMUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMUR
The long-term trend has been DOWN since Oct 1st, 2021 at 49.25
The intermediate-term trend has been UP since Dec 27th, 2021 at 49.84
The short-term trend has been DOWN since Jan 25th, 2022 at 48.93
Smart Scan Analysis for EURMUR
Based on our trend formula, EURMUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).