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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Weak Downtrend (-65) - MXNARS is showing signs of a strengthening downtrend. Monitor MXNARS as it may be building momentum to the downside.
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 DOWN since Jun 10th, 2024 at 48.247507
The intermediate-term trend has been DOWN since Oct 30th, 2024 at 48.977278
The short-term trend has been UP since Nov 15th, 2024 at 49.175481
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.791844 | 49.817123 | 49.724663 | 49.741578 | -0.050266 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.791844 | 2024-11-20 03:39:36 |