Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Euro/Maldivian Rufiyaa (FOREX:EURMVR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for EURMVR
The long term trend has been DOWN since Mar 28th, 2019 at 17.4530
The intermediate term trend has been DOWN since Mar 28th, 2019 at 17.4755
The short term trend has been DOWN since Apr 25th, 2019 at 17.3095
Smart Scan Analysis for EURMVR
Based on a pre-defined weighted trend formula for chart analysis, EURMVR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 17.1865 | 17.1865 | 17.1865 | 17.1865 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 17.1865 | 16.8790 | 17.4940 | 2019-05-16 12:06:18 |