Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 UP since Jul 17th, 2019 at 0.022502
The intermediate term trend has been DOWN since Aug 25th, 2019 at 0.022515
The short term trend has been DOWN since Sep 4th, 2019 at 0.022635
Smart Scan Analysis for MURGBP
Based on a pre-defined weighted trend formula for chart analysis, MURGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).