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.
MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been DOWN since Feb 14th, 2021 at 0.27498863
The intermediate-term trend has been UP since Mar 8th, 2021 at 0.29313697
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).