Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2019.
Mexican Peso/South African Rand (FOREX:MXNZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNZAR
The long term trend has been UP since Mar 13th, 2019 at 0.74717
The intermediate term trend has been UP since Feb 14th, 2019 at 0.72929
The short term trend has been UP since Mar 13th, 2019 at 0.74363
Smart Scan Analysis for MXNZAR
Based on a pre-defined weighted trend formula for chart analysis, MXNZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).