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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)

Weak Downtrend (-65) - USDMVR is showing signs of a strengthening downtrend. Monitor USDMVR as it may be building momentum to the downside.

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
15.46 15.46 15.46 15.46 0.00
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term down The long-term trend has been DOWN since May 2nd, 2024 at 15.350

intermediate term down The intermediate-term trend has been DOWN since Apr 9th, 2024 at 15.450

short term down The short-term trend has been DOWN since May 23rd, 2024 at 15.455

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
15.46 15.46 15.46 15.46 0.00
Prev. Close Volume Bid Ask Time
15.46 2024-05-24 11:04:57
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