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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)
Bear Market Rally (-75) - MVRUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MVRUSD as it may be in the beginning of a reversal.
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 DOWN since Nov 15th, 2023 at 0.06466783
The intermediate-term trend has been UP since Apr 9th, 2024 at 0.06473577
The short-term trend has been DOWN since Apr 19th, 2024 at 0.06471428
Smart Scan Analysis for MVRUSD
Based on our trend formula, MVRUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06473577 | 0.06473577 | 0.06471428 | 0.06471428 | -0.00002100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06473577 | 2024-04-25 14:14:22 |