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Forex Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_ZARMXN
Open High Low ZARMXN Price Change
1.391905 1.394150 1.387750 1.387940 -0.003965
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term up The long term trend has been UP since Oct 12th, 2017 at 1.39530

intermediate term up The intermediate term trend has been UP since Oct 9th, 2017 at 1.35505

short term down The short term trend has been DOWN since Oct 17th, 2017 at 1.40140

Smart Scan Analysis for ZARMXN

Based on a pre-defined weighted trend formula for chart analysis, ZARMXN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.391905 1.394150 1.387750 1.387940 -0.003965
Prev. Close Volume Bid Ask Time
1.391905 1.387230 1.388650 2017-10-19 10:24:14
Want to analyze South African Rand/Mexican Peso ZARMXN or another symbol? Try our Free Forex Trend Analysis Report.