Forex Trend Analysis Report
Prepared for you on Wednesday, April 21, 2021.
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.
MarketClub’s Trade Triangles for MXNARS
The long-term trend has been UP since Jul 21st, 2020 at 3.2166191
The intermediate-term trend has been UP since Mar 15th, 2021 at 4.4103124
The short-term trend has been UP since Apr 6th, 2021 at 4.5337664
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).