Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Bear Market Rally (-75) - ZARMUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMUR as it may be in the beginning of a reversal.
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 DOWN since Feb 27th, 2020 at 2.3967648
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 2.5251076
The short-term trend has been UP since Apr 7th, 2020 at 2.1775384
Smart Scan Analysis for ZARMUR
Based on our trend formula, ZARMUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).