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.
MarketClub’s Trade Triangles for MXNZAR
The long term trend has been UP since Apr 5th, 2018 at 0.659775
The intermediate term trend has been UP since Mar 16th, 2018 at 0.640700
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).