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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Crossroads (+60) - ZARMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Dec 24th, 2024 at 1.0788226
The intermediate-term trend has been UP since Jan 17th, 2025 at 1.1129800
The short-term trend has been UP since Feb 20th, 2025 at 1.1082250
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1111184 | 1.1111184 | 1.1111184 | 1.1111184 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1111184 | 2025-02-22 01:41:04 |