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Forex Trend Analysis Report
Prepared for you on Monday, December 2, 2024.
/South African Rand (FOREX:MZNZAR)
Strong Uptrend (+100) - MZNZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MZNZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Oct 9th, 2024 at 0.28228818
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.27962911
The short-term trend has been UP since Nov 25th, 2024 at 0.28429398
Smart Scan Analysis for MZNZAR
Based on our trend formula, MZNZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28419496 | 0.28538961 | 0.28280003 | 0.28396714 | -0.00022800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28419496 | 2024-12-02 18:40:56 |