Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDMUR
The long term trend has been UP since Feb 17th, 2019 at 34.9565
The intermediate term trend has been UP since Jul 9th, 2019 at 36.1100
The short term trend has been DOWN since Aug 21st, 2019 at 35.9500
Smart Scan Analysis for USDMUR
Based on a pre-defined weighted trend formula for chart analysis, USDMUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).