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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Mauritius Rupee/Euro (FOREX:MUREUR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_MUREUR
Open High Low MUREUR Price Change
0.02463379 0.02487927 0.02454298 0.02463379 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MUREUR

long term down The long term trend has been DOWN since May 15th, 2019 at 0.02535300

intermediate term down The intermediate term trend has been DOWN since Nov 19th, 2019 at 0.02462771

short term down The short term trend has been DOWN since Dec 2nd, 2019 at 0.02465203

Smart Scan Analysis for MUREUR

Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for MUREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02463379 0.02487927 0.02454298 0.02463379 0.00000000
Prev. Close Volume Bid Ask Time
0.02463379 0.02372479 0.02554278 2019-12-09 13:01:45
Want to analyze Mauritius Rupee/Euro MUREUR or another symbol? Try our Free Forex Trend Analysis Report.