Forex Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Weak Downtrend (-65) - ZARMUR is showing signs of a strengthening downtrend. Monitor ZARMUR as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for ZARMUR
The long-term trend has been UP since Jul 15th, 2020 at 2.4354879
The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 2.3265114
The short-term trend has been DOWN since Jul 30th, 2020 at 2.3962194
Smart Scan Analysis for ZARMUR
Based on our trend formula, ZARMUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).