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Forex Trend Analysis Report

Prepared for you on Tuesday, November 12, 2019.

Euro/Mauritius Rupee (FOREX:EURMUR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_EURMUR
Open High Low EURMUR Price Change
40.24 40.37 39.91 40.22 -0.02
Entry Signal

MarketClub’s Trade Triangles for EURMUR

long term up The long term trend has been UP since May 15th, 2019 at 39.51

intermediate term down The intermediate term trend has been DOWN since Nov 5th, 2019 at 40.10

short term down The short term trend has been DOWN since Nov 5th, 2019 at 40.25

Smart Scan Analysis for EURMUR

Based on a pre-defined weighted trend formula for chart analysis, EURMUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.24 40.37 39.91 40.22 -0.02
Prev. Close Volume Bid Ask Time
40.24 38.72 41.72 2019-11-12 08:13:13
Want to analyze Euro/Mauritius Rupee EURMUR or another symbol? Try our Free Forex Trend Analysis Report.