Forex Trend Analysis Report

Prepared for you on Saturday, May 4, 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.

Open	High	Low	MURZAR Price	Change
0.40107186	0.40254529	0.39914073	0.40063315	-0.00043900
Entry Signal

MarketClub’s Trade Triangles for MURZAR

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

The intermediate-term trend has been UP since Apr 18th, 2024 at 0.41164027

The short-term trend has been DOWN since Apr 25th, 2024 at 0.41041839

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.40107186	0.40254529	0.39914073	0.40063315	-0.00043900
Prev. Close	Volume	Bid	Ask	Time
0.40107186				2024-05-03 16:06:45

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