Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Mauritius Rupee/US Dollar (FOREX:MURUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MURUSD
The long term trend has been DOWN since Feb 17th, 2019 at 0.028691
The intermediate term trend has been DOWN since Feb 7th, 2019 at 0.029060
The short term trend has been UP since Mar 13th, 2019 at 0.028772
Smart Scan Analysis for MURUSD
Based on a pre-defined weighted trend formula for chart analysis, MURUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).