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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Crossroads (+60) - ZARMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3447573 1.3585550 1.3442890 1.3537541 +0.0089970
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term down The long-term trend has been DOWN since Jul 13th, 2021 at 1.3753300

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2022 at 1.3351964

short term up The short-term trend has been UP since Jan 19th, 2022 at 1.3241050

Smart Scan Analysis for ZARMXN

Based on our trend formula, ZARMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3447573 1.3585550 1.3442890 1.3537541 +0.0089970
Prev. Close Volume Bid Ask Time
1.3447573 2022-01-21 14:40:20
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