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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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.45 15.45 15.45 15.45 0.00
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term down The long term trend has been DOWN since May 16th, 2019 at 15.395

intermediate term down The intermediate term trend has been DOWN since Jul 10th, 2019 at 15.450

short term up 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).

-85
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.45 15.45 15.45 15.45 0.00
Prev. Close Volume Bid Ask Time
15.45 15.15 15.75 2019-07-19 12:10:11
Want to analyze US Dollar/Maldivian Rufiyaa USDMVR or another symbol? Try our Free Forex Trend Analysis Report.