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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Sidelines Mode (+50) - GBPMVR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPMVR can gain momentum.
Is it time to buy, sell, or avoid GBPMVR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMVR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been DOWN since Nov 26th, 2024 at 19.553037
The intermediate-term trend has been UP since Jan 22nd, 2025 at 18.961517
The short-term trend has been UP since Jan 22nd, 2025 at 18.841600
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.163666 | 19.163666 | 19.163666 | 19.163666 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.222368 | 2025-02-03 17:13:44 |