Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, April 20, 2021.

Mexican Peso/South African Rand (FOREX:MXNZAR)

Bear Market Rally (-75) - MXNZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNZAR as it may be in the beginning 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
0.7176092 0.7209657 0.7151813 0.7164980 -0.0011110
Entry Signal

MarketClub’s Trade Triangles for MXNZAR

long term down The long-term trend has been DOWN since Feb 16th, 2021 at 0.7213160

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2021 at 0.7108103

short term up The short-term trend has been UP since Apr 19th, 2021 at 0.7197696

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
Smart Scan Analysis for MXNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7176092 0.7209657 0.7151813 0.7164980 -0.0011110
Prev. Close Volume Bid Ask Time
0.7176092 2021-04-20 19:49:18
Get a free daily analysis and signals for Mexican Peso/South African Rand (MXNZAR) - Request Your Free Report.