Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
US Dollar/Mauritius Rupee (FOREX:USDMUR)
Countertrend Down (-85) - USDMUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Sep 13th, 2023 at 45.00
The intermediate-term trend has been DOWN since Sep 12th, 2023 at 45.14
The short-term trend has been UP since Sep 21st, 2023 at 44.90
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).