Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Mexican Peso/South African Rand (FOREX:MXNZAR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNZAR
The long term trend has been UP since Jun 19th, 2018 at 0.673275
The intermediate term trend has been UP since Jun 8th, 2018 at 0.644755
The short term trend has been UP since Jul 19th, 2018 at 0.704815
Smart Scan Analysis for MXNZAR
Based on a pre-defined weighted trend formula for chart analysis, MXNZAR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).