Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Mar 7th, 2017 at 0.795530
The intermediate term trend has been DOWN since Aug 14th, 2017 at 0.973005
The short term trend has been DOWN since Aug 14th, 2017 at 0.981950
Smart Scan Analysis for MXNARS
Based on a pre-defined weighted trend formula for chart analysis, MXNARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).