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Forex Trend Analysis Report
Prepared for you on Thursday, December 1, 2022.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Long-Term Downtrend (-90) - ZARMUR is in a strong downtrend that is likely to continue. While ZARMUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARMUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMUR.
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 ZARMUR
The long-term trend has been DOWN since Apr 27th, 2022 at 2.6831694
The intermediate-term trend has been DOWN since Dec 1st, 2022 at 2.4499391
The short-term trend has been DOWN since Dec 1st, 2022 at 2.5452317
Smart Scan Analysis for ZARMUR
Based on our trend formula, ZARMUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5634728 | 2.5841940 | 2.4416964 | 2.4762742 | -0.0871990 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5634728 | 2022-12-01 12:10:34 |