Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Mauritius Rupee/British Pound (FOREX:MURGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 MURGBP
The long term trend has been DOWN since Oct 13th, 2019 at 0.02194500
The intermediate term trend has been UP since Jan 13th, 2020 at 0.02126314
The short term trend has been DOWN since Jan 16th, 2020 at 0.02097267
Smart Scan Analysis for MURGBP
Based on a pre-defined weighted trend formula for chart analysis, MURGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).