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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

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.

FOREX_MXNARS
Open High Low MXNARS Price Change
4.8768984 4.8768984 4.8768984 4.8768984 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term down The long-term trend has been DOWN since Oct 11th, 2021 at 4.7541953

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 4.8665738

short term up 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 -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.8768984 4.8768984 4.8768984 4.8768984 0.0000000
Prev. Close Volume Bid Ask Time
4.8768984 2021-10-16 02:33:51
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