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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Long-Term Downtrend (-90) - MXNZAR is in a strong downtrend that is likely to continue. While MXNZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.9946005 0.9946005 0.9946005 0.9946005 0.0000000
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 down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 1.0759570

short term down The short-term trend has been DOWN since Jun 3rd, 2024 at 1.0808853

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9946005 0.9946005 0.9946005 0.9946005 0.0000000
Prev. Close Volume Bid Ask Time
0.9946005 2024-06-15 06:10:51
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