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Forex Trend Analysis Report

Prepared for you on Saturday, April 21, 2018.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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.

Open High Low MXNZAR Price Change
0.64899 0.65338 0.64742 0.65318 +0.00419
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term up The long term trend has been UP since Apr 5th, 2018 at 0.659775

intermediate term up The intermediate term trend has been UP since Mar 16th, 2018 at 0.640700

short term down The short term trend has been DOWN since Apr 18th, 2018 at 0.663330

Smart Scan Analysis for MXNZAR

Based on a pre-defined weighted trend formula for chart analysis, MXNZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64899 0.65338 0.64742 0.65318 +0.00419
Prev. Close Volume Bid Ask Time
0.64899 0.65237 0.65399 2018-04-20 18:34:28
Want to analyze Mexican Peso/South African Rand MXNZAR or another symbol? Try our Free Forex Trend Analysis Report.