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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Bull Market Weakness (+75) - MXNARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNARS as it may be in the beginning stages of a reversal.

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.

FOREX_MXNARS
Open High Low MXNARS Price Change
50.594369 50.665201 50.400237 50.466112 -0.128257
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term up The long-term trend has been UP since Dec 23rd, 2021 at 4.9504625

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2024 at 50.5617750

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 50.7965320

Smart Scan Analysis for MXNARS

Based on our trend formula, MXNARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.594369 50.665201 50.400237 50.466112 -0.128257
Prev. Close Volume Bid Ask Time
50.594369 2024-03-19 06:32:49
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