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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

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
0.7227220 0.7363040 0.7190700 0.7345735 +0.0118520
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term up The long-term trend has been UP since Jul 13th, 2021 at 0.7270411

intermediate term down The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.7191800

short term up The short-term trend has been UP since Oct 21st, 2021 at 0.7228353

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
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7227220 0.7363040 0.7190700 0.7345735 +0.0118520
Prev. Close Volume Bid Ask Time
0.7227220 2021-10-22 17:00:53
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