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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

/South African Rand (FOREX:MZNZAR)

Bull Market Weakness (+75) - MZNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MZNZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MZNZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MZNZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MZNZAR
Open High Low MZNZAR Price Change
0.31618483 0.31824455 0.31564806 0.31708701 +0.00090200
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long-term trend has been UP since Apr 28th, 2022 at 0.30534976

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 0.31070806

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.30918199

Smart Scan Analysis for MZNZAR

Based on our trend formula, MZNZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31618483 0.31824455 0.31564806 0.31708701 +0.00090200
Prev. Close Volume Bid Ask Time
0.31618483 2022-08-18 04:45:32
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