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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Bear Market Rally (-75) - MXNARS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNARS as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for MXNARS
The long-term trend has been DOWN since Jun 10th, 2024 at 48.247507
The intermediate-term trend has been UP since Jul 8th, 2024 at 50.806129
The short-term trend has been DOWN since Jul 18th, 2024 at 51.505352
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 50.464974 | 50.764445 | 50.198840 | 50.349522 | -0.115452 |
| Prev. Close | Volume | Bid | Ask | Time |
| 50.464974 | 2024-07-26 19:53:32 |