Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
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.
MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been UP since Mar 9th, 2020 at 1.3546888
The intermediate-term trend has been UP since Feb 27th, 2020 at 1.2712947
The short-term trend has been UP since Apr 6th, 2020 at 1.3317150
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).