Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Mauritius Rupee/US Dollar (FOREX:MURUSD)
Bear Market Rally (-75) - MURUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MURUSD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for MURUSD
The long-term trend has been DOWN since Jun 27th, 2022 at 0.02203712
The intermediate-term trend has been DOWN since Aug 17th, 2022 at 0.02173154
The short-term trend has been UP since Aug 18th, 2022 at 0.02230763
Smart Scan Analysis for MURUSD
Based on our trend formula, MURUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).