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Forex Trend Analysis Report

Prepared for you on Monday, November 29, 2021.

US Dollar/Mauritanian Ouguiya (FOREX:USDMRU)

Sidelines Mode (-55) - USDMRU 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 USDMRU?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMRU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMRU
Open High Low USDMRU Price Change
36.26396 36.31000 36.01000 36.31000 +0.04604
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term down The long-term trend has been DOWN since Sep 20th, 2021 at 35.987825

intermediate term down The intermediate-term trend has been DOWN since Oct 28th, 2021 at 36.101518

short term up The short-term trend has been UP since Nov 29th, 2021 at 36.305000

Smart Scan Analysis for USDMRU

Based on our trend formula, USDMRU is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.26396 36.31000 36.01000 36.31000 +0.04604
Prev. Close Volume Bid Ask Time
36.26396 2021-11-29 11:50:31
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