Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)
Bear Market Rally (-75) - GBPMVR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMVR as it may be in the beginning of a reversal.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPMVR
The long-term trend has been DOWN since Apr 12th, 2024 at 19.275444
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 19.439273
The short-term trend has been UP since May 3rd, 2024 at 19.355324
Smart Scan Analysis for GBPMVR
Based on our trend formula, GBPMVR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 19.388541 | 19.388541 | 19.388541 | 19.388541 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 19.388541 | 2024-05-03 13:02:43 |