Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDMVR
The long term trend has been DOWN since May 16th, 2019 at 15.395
The intermediate term trend has been DOWN since Jul 10th, 2019 at 15.450
The short term trend has been UP since Jul 19th, 2019 at 15.425
Smart Scan Analysis for USDMVR
Based on a pre-defined weighted trend formula for chart analysis, USDMVR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).