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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

Mauritius Rupee/British Pound (FOREX:MURGBP)

Sidelines Mode (+55) - MURGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.01676800 0.01684842 0.01671851 0.01680337 +0.00003500
Entry Signal

MarketClub’s Trade Triangles for MURGBP

long term up The long-term trend has been UP since Nov 19th, 2024 at 0.01706094

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2024 at 0.01660735

short term down The short-term trend has been DOWN since Dec 11th, 2024 at 0.01678261

Smart Scan Analysis for MURGBP

Based on our trend formula, MURGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MURGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01676800 0.01684842 0.01671851 0.01680337 +0.00003500
Prev. Close Volume Bid Ask Time
0.01676800 2024-12-11 19:18:38
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