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.
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).