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Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2025.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Sidelines Mode (+55) - ZARMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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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 UP since Jan 17th, 2025 at 1.1129800
The short-term trend has been DOWN since Jan 23rd, 2025 at 1.1007627
Smart Scan Analysis for ZARMXN
Based on our trend formula, ZARMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.1075646 | 1.1082448 | 1.0990800 | 1.1028888 | -0.0046760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.1075646 | 2025-01-23 11:12:02 |