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.
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 Sep 29th, 2017 at 0.957315
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).