Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Mauritius Rupee (FOREX:ZARMUR)

Crossroads (+60) - ZARMUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARMUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARMUR Price	Change
2.4891672	2.4965063	2.4841671	2.4915871	+0.0024200
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

The long-term trend has been UP since Apr 9th, 2024 at 2.4940723

The intermediate-term trend has been DOWN since Apr 18th, 2024 at 2.4314913

The short-term trend has been DOWN since May 7th, 2024 at 2.4912745

Smart Scan Analysis for ZARMUR

Based on our trend formula, ZARMUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.4891672	2.4965063	2.4841671	2.4915871	+0.0024200
Prev. Close	Volume	Bid	Ask	Time
2.4891672				2024-05-09 04:16:51

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