Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

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
0.769835 0.769995 0.760660 0.761805 -0.008030
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term up The long term trend has been UP since Jun 19th, 2018 at 0.673275

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 0.752915

short term down The short term trend has been DOWN since Oct 9th, 2018 at 0.774205

Smart Scan Analysis for MXNZAR

Based on a pre-defined weighted trend formula for chart analysis, MXNZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.769835 0.769995 0.760660 0.761805 -0.008030
Prev. Close Volume Bid Ask Time
0.769835 0.761120 0.762490 2018-10-15 21:46:04
Want to analyze Mexican Peso/South African Rand MXNZAR or another symbol? Try our Free Forex Trend Analysis Report.