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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

Mexican Peso/Argentine Peso (FOREX:MXNARS)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_MXNARS
Open High Low MXNARS Price Change
2.23005 2.23035 2.22955 2.23015 +0.00010
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term down The long term trend has been DOWN since Jul 9th, 2019 at 2.1817

intermediate term down The intermediate term trend has been DOWN since May 28th, 2019 at 2.3286

short term up The short term trend has been UP since Jul 14th, 2019 at 2.1942

Smart Scan Analysis for MXNARS

Based on a pre-defined weighted trend formula for chart analysis, MXNARS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MXNARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.23005 2.23035 2.22955 2.23015 +0.00010
Prev. Close Volume Bid Ask Time
2.23005 2.22640 2.23390 2019-07-21 15:26:30
Want to analyze Mexican Peso/Argentine Peso MXNARS or another symbol? Try our Free Forex Trend Analysis Report.