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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Countertrend Up (+85) - ZARMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been UP since Apr 18th, 2024 at 0.9295028
The intermediate-term trend has been UP since Jul 29th, 2024 at 1.0138864
The short-term trend has been DOWN since Oct 23rd, 2024 at 1.1273827
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.121878 | 1.132535 | 1.118738 | 1.130795 | +0.008917 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.121878 | 2024-10-25 17:06:03 |