Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2023.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Bull Market Weakness (+75) - MXNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MXNZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	MXNZAR Price	Change
1.0729493	1.0954300	1.0725192	1.0910956	+0.0181460
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

The long-term trend has been UP since May 2nd, 2022 at 0.7845190

The intermediate-term trend has been UP since Nov 8th, 2023 at 1.0582932

The short-term trend has been DOWN since Dec 7th, 2023 at 1.0724165

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
1.0729493	1.0954300	1.0725192	1.0910956	+0.0181460
Prev. Close	Volume	Bid	Ask	Time
1.0729493				2023-12-08 17:08:47

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