Forex Trend Analysis Report
Prepared for you on Saturday, May 8, 2021.
/US Dollar (FOREX:MZNUSD)
Bull Market Weakness (+75) - MZNUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MZNUSD as it may be in the beginning stages 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 UP since Mar 15th, 2021 at 0.01358238
The intermediate-term trend has been UP since Mar 5th, 2021 at 0.01331704
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 +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).