Forex Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Strong Uptrend (+100) - ZARMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been UP since Mar 9th, 2020 at 1.3546888
The intermediate-term trend has been UP since Oct 30th, 2020 at 1.3143450
The short-term trend has been UP since Nov 23rd, 2020 at 1.3184082
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).