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Forex Trend Analysis Report

Prepared for you on Friday, May 9, 2025.

/South African Rand (FOREX:MZNZAR)

Long-Term Downtrend (-90) - MZNZAR is in a strong downtrend that is likely to continue. While MZNZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.28567347 0.28587793 0.28417136 0.28514397 -0.00052900
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long-term trend has been DOWN since May 2nd, 2025 at 0.28166249

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2025 at 0.28895547

short term down The short-term trend has been DOWN since Apr 28th, 2025 at 0.29004844

Smart Scan Analysis for MZNZAR

Based on our trend formula, MZNZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28567347 0.28587793 0.28417136 0.28514397 -0.00052900
Prev. Close Volume Bid Ask Time
0.28567347 2025-05-09 07:44:55
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