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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Mauritius Rupee/Euro (FOREX:MUREUR)

Countertrend Down (-85) - MUREUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid MUREUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MUREUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MUREUR
Open High Low MUREUR Price Change
0.02050697 0.02088858 0.02045240 0.02053648 +0.00003000
Entry Signal

MarketClub’s Trade Triangles for MUREUR

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 0.02161161

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2022 at 0.02223209

short term up The short-term trend has been UP since Feb 6th, 2023 at 0.02064683

Smart Scan Analysis for MUREUR

Based on our trend formula, MUREUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MUREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02050697 0.02088858 0.02045240 0.02053648 +0.00003000
Prev. Close Volume Bid Ask Time
0.02050697 2023-02-07 12:25:50
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