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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

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
39.589118 39.589118 39.589118 39.589118 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term down The long-term trend has been DOWN since Feb 15th, 2024 at 39.043562

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 39.675000

short term down The short-term trend has been DOWN since Jul 19th, 2024 at 39.555765

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
39.589118 39.589118 39.589118 39.589118 0.000000
Prev. Close Volume Bid Ask Time
39.589118 2024-07-24 07:26:16
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