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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Sidelines Mode (-55) - MXNARS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNARS
The long-term trend has been UP since Dec 23rd, 2021 at 4.9504625
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 51.5047360
The short-term trend has been UP since Apr 23rd, 2024 at 51.2085970
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.520416 | 51.608855 | 50.949302 | 51.129320 | -0.391096 |
| Prev. Close | Volume | Bid | Ask | Time |
| 51.520416 | 2024-04-24 21:05:31 |