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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

South African Rand/Mexican Peso (FOREX:ZARMXN)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

FOREX_ZARMXN
Open High Low ZARMXN Price Change
1.3677 1.3677 1.3677 1.3677 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARMXN

long term down The long term trend has been DOWN since Feb 20th, 2019 at 1.33840

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.37145

short term up The short term trend has been UP since Feb 21st, 2019 at 1.37525

Smart Scan Analysis for ZARMXN

Based on a pre-defined weighted trend formula for chart analysis, ZARMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3677 1.3677 1.3677 1.3677 0.0000
Prev. Close Volume Bid Ask Time
1.3677 1.3672 1.3682 2019-02-23 07:41:31
Want to analyze South African Rand/Mexican Peso ZARMXN or another symbol? Try our Free Forex Trend Analysis Report.