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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Mauritius Rupee/British Pound (FOREX:MURGBP)

Long-Term Downtrend (-90) - MURGBP is in a strong downtrend that is likely to continue. While MURGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_MURGBP
Open High Low MURGBP Price Change
0.01713372 0.01721511 0.01704431 0.01707404 -0.00006000
Entry Signal

MarketClub’s Trade Triangles for MURGBP

long term down The long-term trend has been DOWN since Apr 16th, 2024 at 0.01675868

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.01715703

short term down The short-term trend has been DOWN since May 12th, 2024 at 0.01725197

Smart Scan Analysis for MURGBP

Based on our trend formula, MURGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01713372 0.01721511 0.01704431 0.01707404 -0.00006000
Prev. Close Volume Bid Ask Time
0.01713372 2024-05-22 05:01:43
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