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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)

Countertrend Down (-85) - USDMVR 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 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
15.4 15.4 15.4 15.4 0.0
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term down The long-term trend has been DOWN since Oct 27th, 2021 at 15.325

intermediate term down The intermediate-term trend has been DOWN since Oct 27th, 2021 at 15.425

short term up The short-term trend has been UP since Dec 6th, 2021 at 15.450

Smart Scan Analysis for USDMVR

Based on our trend formula, USDMVR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.4 15.4 15.4 15.4 0.0
Prev. Close Volume Bid Ask Time
15.4 2021-12-07 11:01:08
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