Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Sidelines Mode (+50) - MURZAR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MURZAR can gain momentum.
Is it time to buy, sell, or avoid MURZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MURZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MURZAR
The long-term trend has been DOWN since Apr 9th, 2024 at 0.40130196
The intermediate-term trend has been UP since Apr 18th, 2024 at 0.41164027
The short-term trend has been UP since May 8th, 2024 at 0.40192927
Smart Scan Analysis for MURZAR
Based on our trend formula, MURZAR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.40210722 | 0.40291805 | 0.40012231 | 0.40031192 | -0.00179500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.40210722 | 2024-05-09 10:15:36 |