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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Countertrend Down (-85) - MURZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.39768634 0.39972248 0.39611526 0.39671370 -0.00097300
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term down The long-term trend has been DOWN since Apr 9th, 2024 at 0.40130196

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 0.39755646

short term up The short-term trend has been UP since May 23rd, 2024 at 0.39842575

Smart Scan Analysis for MURZAR

Based on our trend formula, MURZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.39768634 0.39972248 0.39611526 0.39671370 -0.00097300
Prev. Close Volume Bid Ask Time
0.39768634 2024-05-23 09:33:53
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