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.
MarketClub’s Trade Triangles for MVRUSD
The long-term trend has been UP since Jun 13th, 2022 at 0.06495218
The intermediate-term trend has been DOWN since Sep 5th, 2022 at 0.06504908
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).