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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Bear Market Rally (-75) - ZARMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARMXN as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid ZARMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3838499 1.3906705 1.3589497 1.3613343 -0.0225160
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 1.3753300

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 1.3904750

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 1.3837503

Smart Scan Analysis for ZARMXN

Based on our trend formula, ZARMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3838499 1.3906705 1.3589497 1.3613343 -0.0225160
Prev. Close Volume Bid Ask Time
1.3838499 2021-10-22 17:00:53
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