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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Long-Term Downtrend (-90) - ZARMXN is in a strong downtrend that is likely to continue. While ZARMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Dec 24th, 2024 at 1.0788226
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1.1126600
The short-term trend has been DOWN since Dec 13th, 2024 at 1.1269985
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 |
|---|---|---|---|---|
| 1.0760528 | 1.0864366 | 1.0753233 | 1.0844632 | +0.0084100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0760528 | 2024-12-26 07:02:24 |