Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Mauritius Rupee/US Dollar (FOREX:MURUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 MURUSD
The long term trend has been DOWN since Feb 17th, 2019 at 0.028691
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 0.027570
The short term trend has been UP since Sep 19th, 2019 at 0.027734
Smart Scan Analysis for MURUSD
Based on a pre-defined weighted trend formula for chart analysis, MURUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).