Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Sidelines Mode (-55) - MURZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
0.39663809	0.40042790	0.39524069	0.40037453	+0.00373600
Entry Signal

MarketClub’s Trade Triangles for MURZAR

The long-term trend has been DOWN since Jan 11th, 2023 at 0.38156263

The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.38786839

The short-term trend has been UP since Mar 16th, 2023 at 0.39504209

Smart Scan Analysis for MURZAR

Based on our trend formula, MURZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.39663809	0.40042790	0.39524069	0.40037453	+0.00373600
Prev. Close	Volume	Bid	Ask	Time
0.39663809				2023-03-21 08:21:17

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