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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.

FOREX_MZNZAR
Open High Low MZNZAR Price Change
0.29028531 0.29102749 0.28625763 0.28729687 -0.00298800
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long-term trend has been UP since Jul 23rd, 2021 at 0.28142370

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2021 at 0.29706919

short term down 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).

-60
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways 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
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