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.
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).