Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
/US Dollar (FOREX:MZNUSD)
Bear Market Rally (-75) - MZNUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MZNUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MZNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MZNUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MZNUSD
The long-term trend has been DOWN since Feb 11th, 2020 at 0.01559032
The intermediate-term trend has been DOWN since Jan 20th, 2021 at 0.01332504
The short-term trend has been UP since Feb 18th, 2021 at 0.01328153
Smart Scan Analysis for MZNUSD
Based on our trend formula, MZNUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).