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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
/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.
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MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been DOWN since Jul 20th, 2023 at 0.33194502
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.36218597
The short-term trend has been UP since Apr 10th, 2024 at 0.35540474
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.36098957 | 0.36230047 | 0.35955735 | 0.35963886 | -0.00135100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.36098957 | 2024-04-16 07:56:34 |