Free Daily Analysis

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.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3920250 1.4041284 1.3739101 1.3794500 -0.0125750
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term up The long-term trend has been UP since Feb 16th, 2021 at 1.3863555

intermediate term up The intermediate-term trend has been UP since Feb 9th, 2021 at 1.3623523

short term down 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).

+85
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3920250 1.4041284 1.3739101 1.3794500 -0.0125750
Prev. Close Volume Bid Ask Time
1.3920250 2021-02-26 17:11:42
Get a free daily analysis and signals for South African Rand/Mexican Peso (ZARMXN) - Request Your Free Report.