Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
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.
MarketClub’s Trade Triangles for MURZAR
The long-term trend has been UP since Feb 27th, 2020 at 0.41780449
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.39656165
The short-term trend has been UP since Mar 19th, 2020 at 0.44416915
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).