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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

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.

FOREX_MXNZAR
Open High Low MXNZAR Price Change
0.7770102 0.7841600 0.7758026 0.7841190 +0.0071090
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 0.7383786

intermediate term up The intermediate-term trend has been UP since Apr 10th, 2020 at 0.7738234

short term up The short-term trend has been UP since May 22nd, 2020 at 0.7776398

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a +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
0.7770102 0.7841600 0.7758026 0.7841190 +0.0071090
Prev. Close Volume Bid Ask Time
0.7770102 0.7839214 0.7843165 2020-05-28 10:43:38
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