Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Bull Market Weakness (+75) - ZARMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARMXN as it may be in the beginning stages 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.

Open	High	Low	ZARMXN Price	Change
0.8870393	0.8918009	0.8810789	0.8884975	+0.0014580
Entry Signal

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 Apr 16th, 2024 at 0.8907552

The short-term trend has been DOWN since Apr 24th, 2024 at 0.8859033

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.8870393	0.8918009	0.8810789	0.8884975	+0.0014580
Prev. Close	Volume	Bid	Ask	Time
0.8870393				2024-04-24 20:51:47

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