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.
MarketClub’s Trade Triangles for USDMRU
The long-term trend has been DOWN since Sep 20th, 2021 at 35.987825
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 36.101518
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).