Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
/South African Rand (FOREX:MZNZAR)
Bull Market Weakness (+75) - MZNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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 Apr 28th, 2022 at 0.30534976
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 0.31070806
The short-term trend has been UP since Aug 15th, 2022 at 0.30918199
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).