Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
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.
MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been UP since Feb 16th, 2021 at 1.3863555
The intermediate-term trend has been UP since Feb 9th, 2021 at 1.3623523
The short-term trend has been DOWN since Feb 25th, 2021 at 1.3863750
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).