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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/South African Rand (FOREX:MXNZAR)
Weak Downtrend (-65) - MXNZAR is showing signs of a strengthening downtrend. Monitor MXNZAR as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for MXNZAR
The long-term trend has been DOWN since Apr 18th, 2024 at 1.0775048
The intermediate-term trend has been UP since Jul 12th, 2024 at 1.0223450
The short-term trend has been DOWN since Jul 26th, 2024 at 0.9934775
Smart Scan Analysis for MXNZAR
Based on our trend formula, MXNZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for MXNZAR](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.9949073 | 0.9977580 | 0.9879472 | 0.9892342 | -0.0056730 |
Prev. Close | Volume | Bid | Ask | Time |
0.9949073 | 2024-07-26 17:00:04 |