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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Maldivian Rufiyaa/US Dollar (FOREX:MVRUSD)

Countertrend Up (+85) - MVRUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
0.06510693 0.06510693 0.06510693 0.06510693 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MVRUSD

long term up The long-term trend has been UP since May 2nd, 2024 at 0.06516387

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2024 at 0.06494123

short term up The short-term trend has been UP since Jul 15th, 2024 at 0.06473577

Smart Scan Analysis for MVRUSD

Based on our trend formula, MVRUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MVRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06510693 0.06510693 0.06510693 0.06510693 0.00000000
Prev. Close Volume Bid Ask Time
0.06510693 2024-07-24 12:36:13
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