Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Bull Market Weakness (+75) - MXNZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNZAR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MXNZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	MXNZAR Price	Change
0.9853207	0.9996907	0.9843600	0.9984457	+0.0131250
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

The long-term trend has been UP since May 2nd, 2022 at 0.784519

The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.980015

The short-term trend has been UP since Mar 20th, 2023 at 0.984660

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.9853207	0.9996907	0.9843600	0.9984457	+0.0131250
Prev. Close	Volume	Bid	Ask	Time
0.9853207				2023-03-27 16:42:41

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