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Forex Trend Analysis Report

Prepared for you on Tuesday, September 27, 2022.

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.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.06468438 0.06468438 0.06468438 0.06468438 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term up The long-term trend has been UP since Jun 13th, 2022 at 0.06495218

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2022 at 0.06504908

short term up The short-term trend has been UP since Sep 16th, 2022 at 0.06451882

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).

-55
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06468438 0.06468438 0.06468438 0.06468438 0.00000000
Prev. Close Volume Bid Ask Time
0.06468438 2022-09-22 11:43:52
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