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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Strong Downtrend (-100) - ZARMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARMXN continues to fall. Traders should use caution and set stops.

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
1.1993050 1.2026273 1.1884636 1.1925322 -0.0067730
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term down The long-term trend has been DOWN since May 2nd, 2022 at 1.2746664

intermediate term down The intermediate-term trend has been DOWN since Aug 15th, 2022 at 1.2052830

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 1.2187563

Smart Scan Analysis for ZARMXN

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

-100
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1993050 1.2026273 1.1884636 1.1925322 -0.0067730
Prev. Close Volume Bid Ask Time
1.1993050 2022-08-18 22:19:01
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