Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNARS
The long term trend has been UP since Aug 12th, 2019 at 2.3855000
The intermediate term trend has been UP since Dec 8th, 2019 at 3.1083625
The short term trend has been DOWN since Jan 23rd, 2020 at 3.1975131
Smart Scan Analysis for MXNARS
Based on a pre-defined weighted trend formula for chart analysis, MXNARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).