Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
Mauritius Rupee/Euro (FOREX:MUREUR)
Strong Downtrend (-100) - MUREUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.
MarketClub’s Trade Triangles for MUREUR
The long-term trend has been DOWN since May 15th, 2019 at 0.02535300
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 0.02449482
The short-term trend has been DOWN since Aug 11th, 2020 at 0.02120786
Smart Scan Analysis for MUREUR
Based on our trend formula, MUREUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).