Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_MXNZAR
Open High Low MXNZAR Price Change
0.724800 0.726335 0.720190 0.722060 -0.002740
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long term trend has been DOWN since Nov 7th, 2018 at 0.708875

intermediate term up The intermediate term trend has been UP since Dec 10th, 2018 at 0.700860

short term down The short term trend has been DOWN since Jan 16th, 2019 at 0.722290

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).

-65
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.724800 0.726335 0.720190 0.722060 -0.002740
Prev. Close Volume Bid Ask Time
0.724800 0.721650 0.722470 2019-01-17 20:29:13
Want to analyze Mexican Peso/South African Rand MXNZAR or another symbol? Try our Free Forex Trend Analysis Report.