Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
/South African Rand (FOREX:MZNZAR)
Strong Uptrend (+100) - MZNZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MZNZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Feb 9th, 2020 at 0.28752417
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.27410251
The short-term trend has been UP since Feb 18th, 2020 at 0.28489688
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).