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Forex Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
/South African Rand (FOREX:MZNZAR)
Crossroads (-60) - MZNZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MZNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MZNZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MZNZAR
The long-term trend has been UP since Jul 23rd, 2021 at 0.28142370
The intermediate-term trend has been DOWN since Dec 23rd, 2021 at 0.29706919
The short-term trend has been DOWN since Jan 19th, 2022 at 0.29079526
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.29028531 | 0.29102749 | 0.28625763 | 0.28729687 | -0.00298800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.29028531 | 2022-01-20 13:04:46 |