Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Mexican Peso/South African Rand (FOREX:MXNZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Dec 15th, 2017 at 0.694705
The intermediate term trend has been UP since Jan 15th, 2018 at 0.653870
The short term trend has been UP since Jan 2nd, 2018 at 0.632855
Smart Scan Analysis for MXNZAR
Based on a pre-defined weighted trend formula for chart analysis, MXNZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).