Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
/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.
MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Feb 9th, 2020 at 0.28752417
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.34156777
The short-term trend has been DOWN since May 18th, 2020 at 0.34779431
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).