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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Euro/Maldivian Rufiyaa (FOREX:EURMVR)

Sidelines Mode (+50) - EURMVR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURMVR can gain momentum.

Is it time to buy, sell, or avoid EURMVR?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURMVR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURMVR
Open High Low EURMVR Price Change
17.135252 17.135252 17.135252 17.135252 0.000000
Entry Signal

MarketClub’s Trade Triangles for EURMVR

long term down The long-term trend has been DOWN since Mar 19th, 2020 at 16.625975

intermediate term up The intermediate-term trend has been UP since Apr 28th, 2020 at 16.811904

short term up The short-term trend has been UP since May 19th, 2020 at 16.826322

Smart Scan Analysis for EURMVR

Based on our trend formula, EURMVR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for EURMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.135252 17.135252 17.135252 17.135252 0.000000
Prev. Close Volume Bid Ask Time
17.135252 16.857983 17.412521 2020-05-29 13:24:14
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