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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Countertrend Down (-85) - MXNARS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
49.391890 50.043776 49.361269 49.881167 +0.489277
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term down The long-term trend has been DOWN since Jun 10th, 2024 at 48.247507

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 52.177081

short term up The short-term trend has been UP since Jun 18th, 2024 at 49.035683

Smart Scan Analysis for MXNARS

Based on our trend formula, MXNARS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
49.391890 50.043776 49.361269 49.881167 +0.489277
Prev. Close Volume Bid Ask Time
49.391890 2024-06-21 22:02:52
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