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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Weak Downtrend (-65) - MXNZAR is showing signs of a strengthening downtrend. Monitor MXNZAR as it may be building momentum to the downside.

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
0.9949073 0.9977580 0.9879472 0.9892342 -0.0056730
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 1.0775048

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2024 at 1.0223450

short term down The short-term trend has been DOWN since Jul 26th, 2024 at 0.9934775

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9949073 0.9977580 0.9879472 0.9892342 -0.0056730
Prev. Close Volume Bid Ask Time
0.9949073 2024-07-26 17:00:04
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