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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

/South African Rand (FOREX:MZNZAR)

Weak Downtrend (-65) - MZNZAR is showing signs of a strengthening downtrend. Monitor MZNZAR as it may be building momentum to the downside.

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
0.34815166 0.34815166 0.34815166 0.34815166 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long-term trend has been DOWN since Jul 20th, 2023 at 0.33194502

intermediate term up The intermediate-term trend has been UP since May 30th, 2024 at 0.35405592

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 0.35510047

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
0.34815166 0.34815166 0.34815166 0.34815166 0.00000000
Prev. Close Volume Bid Ask Time
0.34815166 2024-06-15 06:10:52
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