Forex Trend Analysis Report
Prepared for you on Monday, August 2, 2021.
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.
MarketClub’s Trade Triangles for ZARMXN
The long-term trend has been DOWN since Jul 13th, 2021 at 1.3753300
The intermediate-term trend has been DOWN since Jun 22nd, 2021 at 1.4333250
The short-term trend has been UP since Jul 29th, 2021 at 1.3578242
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).