Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Long-Term Downtrend (-90) - MURZAR is in a strong downtrend that is likely to continue. While MURZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 22nd, 2020 at 0.40559554
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 0.37197311
The short-term trend has been DOWN since Feb 25th, 2021 at 0.36429584
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).