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Forex Trend Analysis Report

Prepared for you on Wednesday, June 26, 2019.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_MVRUSD
Open High Low MVRUSD Price Change
0.064758 0.064758 0.064758 0.064758 0.000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term up The long term trend has been UP since May 16th, 2019 at 0.064974

intermediate term down The intermediate term trend has been DOWN since May 28th, 2019 at 0.064925

short term down The short term trend has been DOWN since May 28th, 2019 at 0.064925

Smart Scan Analysis for MVRUSD

Based on a pre-defined weighted trend formula for chart analysis, MVRUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.064758 0.064758 0.064758 0.064758 0.000000
Prev. Close Volume Bid Ask Time
0.064758 0.063291 0.066225 2019-06-13 15:48:10
Want to analyze Maldivian Rufiyaa/US Dollar MVRUSD or another symbol? Try our Free Forex Trend Analysis Report.