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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Sidelines Mode (+55) - MVRUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MVRUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MVRUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been UP since May 2nd, 2024 at 0.06516387
The intermediate-term trend has been DOWN since Sep 24th, 2024 at 0.06512786
The short-term trend has been UP since Oct 2nd, 2024 at 0.06512786
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06512841 | 0.06512841 | 0.06512841 | 0.06512841 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06514935 | 2024-10-22 14:37:37 |