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Forex Trend Analysis Report

Prepared for you on Wednesday, May 8, 2024.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Weak Uptrend (+65) - MXNARS is showing signs of weakening momentum to the upside. Monitor MXNARS as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MXNARS?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNARS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNARS
Open High Low MXNARS Price Change
52.071537 52.241679 51.873852 52.085606 +0.014069
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term up The long-term trend has been UP since Dec 23rd, 2021 at 4.9504625

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 51.5047360

short term up The short-term trend has been UP since Apr 29th, 2024 at 51.2650000

Smart Scan Analysis for MXNARS

Based on our trend formula, MXNARS is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.071537 52.241679 51.873852 52.085606 +0.014069
Prev. Close Volume Bid Ask Time
52.071537 2024-05-08 22:28:38
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