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Forex Trend Analysis Report

Prepared for you on Friday, September 18, 2020.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Long-Term Uptrend (+90) - MXNARS is in a strong uptrend that is likely to continue. While MXNARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
3.5994451 3.6131327 3.5615744 3.5615744 -0.0378710
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term up The long-term trend has been UP since Jul 21st, 2020 at 3.2166191

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2020 at 2.7990271

short term up The short-term trend has been UP since Sep 9th, 2020 at 3.4612609

Smart Scan Analysis for MXNARS

Based on our trend formula, MXNARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.5994451 3.6131327 3.5615744 3.5615744 -0.0378710
Prev. Close Volume Bid Ask Time
3.5994451 3.5613946 3.5617541 2020-09-18 23:22:50
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