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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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 UP since Apr 18th, 2024 at 0.9295028
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.1126600
The short-term trend has been DOWN since Nov 20th, 2024 at 1.1113709
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 |
|---|---|---|---|---|
| 1.1207022 | 1.1251795 | 1.1161526 | 1.1237318 | +0.0030300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1207022 | 2024-11-21 06:49:15 |