Forex Trend Analysis Report
Prepared for you on Saturday, October 16, 2021.
Mexican Peso/Argentine Peso (FOREX:MXNARS)
Weak Downtrend (-65) - MXNARS is showing signs of a strengthening downtrend. Monitor MXNARS as it may be building momentum to the downside.
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 DOWN since Oct 11th, 2021 at 4.7541953
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 4.8665738
The short-term trend has been UP since Oct 13th, 2021 at 4.7772890
Smart Scan Analysis for MXNARS
Based on our trend formula, MXNARS is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).