Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Mauritius Rupee/Euro (FOREX:MUREUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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.
MarketClub’s Trade Triangles for MUREUR
The long term trend has been DOWN since May 15th, 2019 at 0.025353
The intermediate term trend has been DOWN since Apr 30th, 2019 at 0.025379
The short term trend has been UP since Jun 19th, 2019 at 0.024923
Smart Scan Analysis for MUREUR
Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).