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.

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

MarketClub’s Trade Triangles for MURZAR

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

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

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

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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