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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Bear Market Rally (-75) - MURZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MURZAR as it may be in the beginning of a reversal.

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
0.38715232 0.38829900 0.38632422 0.38661404 -0.00053800
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 up The intermediate-term trend has been UP since Nov 13th, 2024 at 0.38736167

short term down The short-term trend has been DOWN since Dec 3rd, 2024 at 0.38774598

Smart Scan Analysis for MURZAR

Based on our trend formula, MURZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38715232 0.38829900 0.38632422 0.38661404 -0.00053800
Prev. Close Volume Bid Ask Time
0.38715232 2024-12-06 12:45:13
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