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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Sidelines Mode (-55) - ZARMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
0.9877400 0.9908350 0.9836584 0.9856742 -0.0020660
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 0.9295028

intermediate term down The intermediate-term trend has been DOWN since Jul 10th, 2024 at 0.9816350

short term up The short-term trend has been UP since Jul 18th, 2024 at 0.9865405

Smart Scan Analysis for ZARMXN

Based on our trend formula, ZARMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9877400 0.9908350 0.9836584 0.9856742 -0.0020660
Prev. Close Volume Bid Ask Time
0.9877400 2024-07-22 06:42:20
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