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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Long-Term Uptrend (+90) - MURZAR is in a strong uptrend that is likely to continue. While MURZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_MURZAR
Open High Low MURZAR Price Change
0.42556083 0.43101722 0.42556083 0.43080487 +0.00524400
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term up The long-term trend has been UP since Oct 2nd, 2023 at 0.43313285

intermediate term up The intermediate-term trend has been UP since Nov 22nd, 2023 at 0.42797198

short term up The short-term trend has been UP since Dec 5th, 2023 at 0.42725379

Smart Scan Analysis for MURZAR

Based on our trend formula, MURZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42556083 0.43101722 0.42556083 0.43080487 +0.00524400
Prev. Close Volume Bid Ask Time
0.42556083 2023-12-08 16:12:17
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