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Forex Trend Analysis Report

Prepared for you on Wednesday, May 12, 2021.

Mauritius Rupee/US Dollar (FOREX:MURUSD)

Countertrend Down (-85) - MURUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_MURUSD
Open High Low MURUSD Price Change
0.02476765 0.02476765 0.02441294 0.02441294 -0.00035500
Entry Signal

MarketClub’s Trade Triangles for MURUSD

long term down The long-term trend has been DOWN since Oct 11th, 2020 at 0.02458487

intermediate term down The intermediate-term trend has been DOWN since Dec 20th, 2020 at 0.02482918

short term up The short-term trend has been UP since Apr 14th, 2021 at 0.02482918

Smart Scan Analysis for MURUSD

Based on our trend formula, MURUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MURUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02476765 0.02476765 0.02441294 0.02441294 -0.00035500
Prev. Close Volume Bid Ask Time
0.02476765 2021-05-12 06:58:18
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