Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Mexican Peso/South African Rand (FOREX:MXNZAR)
Crossroads (-60) - MXNZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MXNZAR
The long-term trend has been UP since Dec 24th, 2024 at 0.9271482
The intermediate-term trend has been DOWN since Jan 17th, 2025 at 0.8985743
The short-term trend has been DOWN since Jan 13th, 2025 at 0.9204600
Smart Scan Analysis for MXNZAR
Based on our trend formula, MXNZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9005692 | 0.9084610 | 0.8977772 | 0.9068469 | +0.0062780 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9005692 | 2025-01-20 09:49:58 |