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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

/South African Rand (FOREX:MZNZAR)

Crossroads (+60) - MZNZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.35559052 0.36015735 0.35524171 0.35946540 +0.00387500
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 0.33194502

intermediate term up The intermediate-term trend has been UP since Nov 21st, 2023 at 0.35917251

short term up The short-term trend has been UP since Nov 30th, 2023 at 0.35730237

Smart Scan Analysis for MZNZAR

Based on our trend formula, MZNZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.35559052 0.36015735 0.35524171 0.35946540 +0.00387500
Prev. Close Volume Bid Ask Time
0.35559052 2023-12-08 17:07:23
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