Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2019.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 MURGBP
The long term trend has been DOWN since Feb 17th, 2019 at 0.021945
The intermediate term trend has been UP since Apr 16th, 2019 at 0.022103
The short term trend has been UP since Apr 15th, 2019 at 0.022007
Smart Scan Analysis for MURGBP
Based on a pre-defined weighted trend formula for chart analysis, MURGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).