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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Long-Term Downtrend (-90) - MURZAR is in a strong downtrend that is likely to continue. While MURZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.38738333 0.38926702 0.38210453 0.38799318 +0.00061000
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 0.40130196

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2024 at 0.39211013

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.40418413

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
0.38738333 0.38926702 0.38210453 0.38799318 +0.00061000
Prev. Close Volume Bid Ask Time
0.38738333 2024-06-20 07:38:35
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