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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 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.
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MarketClub’s Trade Triangles for MXNZAR
The long-term trend has been DOWN since Apr 18th, 2024 at 1.0775048
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 1.1227113
The short-term trend has been DOWN since Apr 16th, 2024 at 1.1314582
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1065406 | 1.1138467 | 1.1017253 | 1.1114600 | +0.0049190 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1065406 | 2024-04-19 05:47:51 |