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Forex Trend Analysis Report
Prepared for you on Wednesday, January 15, 2025.
/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.
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MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Oct 9th, 2024 at 0.28228818
The intermediate-term trend has been UP since Dec 18th, 2024 at 0.28587011
The short-term trend has been DOWN since Jan 13th, 2025 at 0.29470427
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.29638654 | 0.29650391 | 0.29574178 | 0.29599374 | -0.00039300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.29638654 | 2025-01-15 02:32:29 |