Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Sidelines Mode (-55) - MXNZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_MXNZAR
Open High Low MXNZAR Price Change
0.7659238 0.7680642 0.7654200 0.7676649 +0.0017410
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 0.7383786

intermediate term down The intermediate-term trend has been DOWN since Oct 30th, 2020 at 0.7608500

short term up The short-term trend has been UP since Nov 30th, 2020 at 0.7646371

Smart Scan Analysis for MXNZAR

Based on our trend formula, MXNZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7659238 0.7680642 0.7654200 0.7676649 +0.0017410
Prev. Close Volume Bid Ask Time
0.7659238 2020-12-03 03:22:44
Get a free daily analysis and signals for Mexican Peso/South African Rand (MXNZAR) - Request Your Free Report.