Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
US Dollar/Maldivian Rufiyaa (FOREX:USDMVR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since May 28th, 2019 at 15.405
The short term trend has been UP since May 28th, 2019 at 15.405
Smart Scan Analysis for USDMVR
Based on a pre-defined weighted trend formula for chart analysis, USDMVR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).