Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Bull Market Weakness (+75) - MURZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MURZAR as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for MURZAR
The long-term trend has been UP since Feb 27th, 2020 at 0.41780449
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.39656165
The short-term trend has been DOWN since Apr 7th, 2020 at 0.45978747
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).