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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Sidelines Mode (+55) - MURZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MURZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MURZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MURZAR
Open High Low MURZAR Price Change
0.41936036 0.41938934 0.41936036 0.41938934 +0.00002900
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term up The long-term trend has been UP since Oct 2nd, 2023 at 0.43313285

intermediate term up The intermediate-term trend has been UP since Nov 22nd, 2023 at 0.42797198

short term down The short-term trend has been DOWN since Dec 3rd, 2023 at 0.41963854

Smart Scan Analysis for MURZAR

Based on our trend formula, MURZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41936036 0.41938934 0.41936036 0.41938934 +0.00002900
Prev. Close Volume Bid Ask Time
0.41936036 2023-12-03 20:55:49
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