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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Sidelines Mode (-55) - USDMVR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDMVR
The long-term trend has been UP since Nov 15th, 2023 at 15.465
The intermediate-term trend has been DOWN since Apr 9th, 2024 at 15.450
The short-term trend has been UP since Apr 19th, 2024 at 15.455
Smart Scan Analysis for USDMVR
Based on our trend formula, USDMVR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 15.46 | 15.46 | 15.46 | 15.46 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 15.45 | 2024-04-23 12:02:04 |