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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

South African Rand/Mauritius Rupee (FOREX:ZARMUR)

Weak Downtrend (-65) - ZARMUR is showing signs of a strengthening downtrend. Monitor ZARMUR as it may be building momentum to the downside.

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.

FOREX_ZARMUR
Open High Low ZARMUR Price Change
2.5632009 2.5673431 2.5569515 2.5569515 -0.0062490
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term up The long-term trend has been UP since Apr 9th, 2024 at 2.4940723

intermediate term down The intermediate-term trend has been DOWN since Nov 13th, 2024 at 2.5839176

short term down The short-term trend has been DOWN since Nov 11th, 2024 at 2.6119187

Smart Scan Analysis for ZARMUR

Based on our trend formula, ZARMUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5632009 2.5673431 2.5569515 2.5569515 -0.0062490
Prev. Close Volume Bid Ask Time
2.5632009 2024-11-20 03:14:41
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