Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Long-Term Uptrend (+90) - ZARMUR is in a strong uptrend that is likely to continue. While ZARMUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARMUR
The long-term trend has been UP since Sep 9th, 2021 at 3.0315607
The intermediate-term trend has been UP since Oct 15th, 2021 at 2.9419565
The short-term trend has been UP since Oct 13th, 2021 at 2.8998057
Smart Scan Analysis for ZARMUR
Based on our trend formula, ZARMUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).