Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Mauritius Rupee/Euro (FOREX:MUREUR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Aug 21st, 2019 at 0.025142
The short term trend has been UP since Sep 17th, 2019 at 0.025086
Smart Scan Analysis for MUREUR
Based on a pre-defined weighted trend formula for chart analysis, MUREUR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).