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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.

FOREX_MZNZAR
Open High Low MZNZAR Price Change
0.28334258 0.28334258 0.28334258 0.28334258 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.28142370

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.27631280

short term up 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).

+65
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28334258 0.28334258 0.28334258 0.28334258 0.00000000
Prev. Close Volume Bid Ask Time
0.28334258 2021-10-24 03:13:13
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