Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
/South African Rand (FOREX:MZNZAR)
Weak Uptrend (+65) - MZNZAR is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Jul 23rd, 2021 at 0.28142370
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.27631280
The short-term trend has been UP since Oct 22nd, 2021 at 0.27901497
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).