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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.

FOREX_MXNZAR
Open High Low MXNZAR Price Change
0.651395 0.659080 0.649475 0.653910 +0.002515
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long term trend has been DOWN since Dec 15th, 2017 at 0.694705

intermediate term up The intermediate term trend has been UP since Jan 15th, 2018 at 0.653870

short term up 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).

+60
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.651395 0.659080 0.649475 0.653910 +0.002515
Prev. Close Volume Bid Ask Time
0.654220 0.653100 0.654720 2018-01-19 18:37:13
Want to analyze Mexican Peso/South African Rand MXNZAR or another symbol? Try our Free Forex Trend Analysis Report.