Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Strong Uptrend (+100) - MXNARS is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNARS continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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 UP since Nov 1st, 2023 at 19.7134020
The short-term trend has been UP since Dec 1st, 2023 at 21.0052350
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).