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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

/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
0.29113100 0.29646282 0.29090351 0.29456682 +0.00343600
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long-term trend has been DOWN since Feb 14th, 2021 at 0.27498863

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2021 at 0.29313697

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.28291716

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
0.29113100 0.29646282 0.29090351 0.29456682 +0.00343600
Prev. Close Volume Bid Ask Time
0.29113100 2021-03-08 20:45:09
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