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.
MarketClub’s Trade Triangles for MURZAR
The long-term trend has been UP since Oct 2nd, 2023 at 0.43313285
The intermediate-term trend has been UP since Nov 22nd, 2023 at 0.42797198
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).