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.
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 Oct 3rd, 2019 at 15.400
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).