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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_MXNARS
Open High Low MXNARS Price Change
0.924565 0.926365 0.921905 0.922970 -0.001595
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term down The long term trend has been DOWN since Oct 16th, 2017 at 0.907775

intermediate term down The intermediate term trend has been DOWN since Sep 29th, 2017 at 0.957315

short term up The short term trend has been UP since Oct 17th, 2017 at 0.922640

Smart Scan Analysis for MXNARS

Based on a pre-defined weighted trend formula for chart analysis, MXNARS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.924565 0.926365 0.921905 0.922970 -0.001595
Prev. Close Volume Bid Ask Time
0.924565 0.922770 0.923170 2017-10-20 10:21:32
Want to analyze Mexican Peso/Argentine Peso MXNARS or another symbol? Try our Free Forex Trend Analysis Report.