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.
MarketClub’s Trade Triangles for EURMUR
The long term trend has been UP since May 15th, 2019 at 39.51
The intermediate term trend has been DOWN since Nov 5th, 2019 at 40.10
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).