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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low MURZAR Price Change
0.424270 0.424270 0.421365 0.424260 -0.000010
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term up The long term trend has been UP since Aug 12th, 2019 at 0.42759

intermediate term up The intermediate term trend has been UP since Jul 29th, 2019 at 0.39809

short term down The short term trend has been DOWN since Aug 14th, 2019 at 0.42195

Smart Scan Analysis for MURZAR

Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.424270 0.424270 0.421365 0.424260 -0.000010
Prev. Close Volume Bid Ask Time
0.424270 0.408380 0.440140 2019-08-16 15:55:55
Want to analyze Mauritius Rupee/South African Rand MURZAR or another symbol? Try our Free Forex Trend Analysis Report.