Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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 Sep 6th, 2023 at 48.67
The intermediate-term trend has been UP since Oct 23rd, 2023 at 47.08
The short-term trend has been DOWN since Nov 30th, 2023 at 48.26
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).