Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Crossroads (+60) - MXNARS is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for MXNARS
The long-term trend has been DOWN since Oct 11th, 2021 at 4.7541953
The intermediate-term trend has been UP since Oct 20th, 2021 at 4.9256888
The short-term trend has been UP since Oct 13th, 2021 at 4.7772890
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).