Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Countertrend Up (+85) - USDMUR 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 USDMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMUR
The long-term trend has been UP since Oct 11th, 2020 at 40.703747
The intermediate-term trend has been UP since Mar 1st, 2021 at 40.160000
The short-term trend has been DOWN since Mar 3rd, 2021 at 39.650000
Smart Scan Analysis for USDMUR
Based on our trend formula, USDMUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).