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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

FOREX_MURZAR
Open High Low MURZAR Price Change
0.40177529 0.40411616 0.39763390 0.40140280 -0.00037200
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 0.39701961

intermediate term down The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.40839500

short term up The short term trend has been UP since Dec 6th, 2019 at 0.40310511

Smart Scan Analysis for MURZAR

Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.40177529 0.40411616 0.39763390 0.40140280 -0.00037200
Prev. Close Volume Bid Ask Time
0.40177529 0.38647706 0.41632853 2019-12-06 12:51:16
Want to analyze Mauritius Rupee/South African Rand MURZAR or another symbol? Try our Free Forex Trend Analysis Report.