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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Long-Term Uptrend (+90) - ZARMXN is in a strong uptrend that is likely to continue. While ZARMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been UP since Apr 18th, 2024 at 0.9295028
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.8907552
The short-term trend has been UP since Apr 16th, 2024 at 0.8838162
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9052848 | 0.9077360 | 0.8977700 | 0.9009394 | -0.0043450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9052848 | 2024-04-19 04:41:59 |