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Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

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.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3167150 1.3194750 1.3076420 1.3126246 -0.0040900
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 Oct 30th, 2020 at 1.3143450

short term up The short-term trend has been UP since Nov 23rd, 2020 at 1.3184082

Smart Scan Analysis for ZARMXN

Based on our trend formula, ZARMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3167150 1.3194750 1.3076420 1.3126246 -0.0040900
Prev. Close Volume Bid Ask Time
1.3167150 2020-11-27 17:18:55
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