Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.
MarketClub’s Trade Triangles for MXNARS
The long term trend has been DOWN since Oct 16th, 2017 at 0.907775
The intermediate term trend has been DOWN since Dec 10th, 2017 at 0.909930
The short term trend has been UP since Dec 14th, 2017 at 0.914100
Smart Scan Analysis for MXNARS
Based on a pre-defined weighted trend formula for chart analysis, MXNARS scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).