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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
/South African Rand (FOREX:MZNZAR)
Countertrend Up (+85) - MZNZAR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Oct 9th, 2024 at 0.28228818
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.27962911
The short-term trend has been DOWN since Nov 18th, 2024 at 0.28342488
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28229049 | 0.28355613 | 0.28185507 | 0.28322389 | +0.00093300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28229049 | 2024-11-20 03:52:08 |