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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.

FOREX_ZARMUR
Open High Low ZARMUR Price Change
2.5634728 2.5841940 2.4416964 2.4762742 -0.0871990
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term down The long-term trend has been DOWN since Apr 27th, 2022 at 2.6831694

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2022 at 2.4499391

short term down 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).

-90
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways 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
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