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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)

Bull Market Weakness (+75) - USDMVR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMVR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDMVR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMVR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.400 15.425 15.400 15.425 +0.025
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term up The long-term trend has been UP since Nov 15th, 2023 at 15.465

intermediate term up The intermediate-term trend has been UP since Feb 21st, 2024 at 15.410

short term up The short-term trend has been UP since Feb 21st, 2024 at 15.375

Smart Scan Analysis for USDMVR

Based on our trend formula, USDMVR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.400 15.425 15.400 15.425 +0.025
Prev. Close Volume Bid Ask Time
15.405 2024-03-14 22:26:29
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