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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

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
53.782709 53.782709 53.576763 53.782709 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNARS

long term up The long-term trend has been UP since Dec 23rd, 2021 at 4.9504625

intermediate term up The intermediate-term trend has been UP since May 9th, 2024 at 52.3946060

short term up The short-term trend has been UP since May 17th, 2024 at 53.1956310

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
53.782709 53.782709 53.576763 53.782709 0.000000
Prev. Close Volume Bid Ask Time
53.782709 2024-05-18 10:00:45
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