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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.

FOREX_MZNZAR
Open High Low MZNZAR Price Change
0.33325877 0.33610711 0.33232228 0.33450427 +0.00124600
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long-term trend has been UP since Feb 9th, 2020 at 0.28752417

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 0.34156777

short term down 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).

-70
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33325877 0.33610711 0.33232228 0.33450427 +0.00124600
Prev. Close Volume Bid Ask Time
0.33325877 0.33421991 0.33478863 2020-05-25 14:54:01
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