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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.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3204700 1.3330250 1.3159273 1.3282458 +0.0077760
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term up The long-term trend has been UP since Mar 9th, 2020 at 1.3546888

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 1.2712947

short term up 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).

+80
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3204700 1.3330250 1.3159273 1.3282458 +0.0077760
Prev. Close Volume Bid Ask Time
1.3204700 1.3278894 1.3286021 2020-04-07 06:34:35
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