Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

British Pound/Maldivian Rufiyaa (FOREX:GBPMVR)

Bull Market Weakness (+75) - GBPMVR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMVR as it may be in the beginning stages 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.

FOREX_GBPMVR
Open High Low GBPMVR Price Change
19.690254 19.690254 19.690254 19.690254 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMVR

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 19.275444

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 19.405046

short term up 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 +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.690254 19.690254 19.690254 19.690254 0.000000
Prev. Close Volume Bid Ask Time
19.690254 2024-05-24 11:04:57
Get a free daily analysis and signals for British Pound/Maldivian Rufiyaa (GBPMVR) - Request Your Free Report.