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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.375 15.450 15.375 15.450 +0.075
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term down The long term trend has been DOWN since May 16th, 2019 at 15.395

intermediate term down The intermediate term trend has been DOWN since Oct 3rd, 2019 at 15.400

short term down The short term trend has been DOWN since Oct 3rd, 2019 at 15.400

Smart Scan Analysis for USDMVR

Based on a pre-defined weighted trend formula for chart analysis, USDMVR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.375 15.450 15.375 15.450 +0.075
Prev. Close Volume Bid Ask Time
15.375 15.150 15.750 2019-10-03 02:42:29
Want to analyze US Dollar/Maldivian Rufiyaa USDMVR or another symbol? Try our Free Forex Trend Analysis Report.