Forex Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Crossroads (-60) - MURZAR 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 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.

Open	High	Low	MURZAR Price	Change
0.40098994	0.40415741	0.40029170	0.40259798	+0.00160800
Entry Signal

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 -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.40098994	0.40415741	0.40029170	0.40259798	+0.00160800
Prev. Close	Volume	Bid	Ask	Time
0.40098994				2024-05-08 21:15:34

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