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.
MarketClub’s Trade Triangles for EURMVR
The long-term trend has been DOWN since Mar 19th, 2020 at 16.625975
The intermediate-term trend has been UP since Apr 28th, 2020 at 16.811904
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).