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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Weak Uptrend (+65) - MXNZAR is showing signs of weakening momentum to the upside. Monitor 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.

FOREX_MXNZAR
Open High Low MXNZAR Price Change
0.9116200 0.9123707 0.9096654 0.9099450 -0.0016750
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term up The long-term trend has been UP since Dec 24th, 2024 at 0.9271482

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2025 at 0.8985743

short term up The short-term trend has been UP since Feb 3rd, 2025 at 0.9084315

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).

+65
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9116200 0.9123707 0.9096654 0.9099450 -0.0016750
Prev. Close Volume Bid Ask Time
0.9116200 2025-02-05 01:56:04
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