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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Long-Term Downtrend (-90) - ARSBRL is in a strong downtrend that is likely to continue. While ARSBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ARSBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSBRL.
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 ARSBRL
The long-term trend has been DOWN since Jan 11th, 2022 at 0.05377431
The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.00578215
The short-term trend has been DOWN since May 2nd, 2024 at 0.00582380
Smart Scan Analysis for ARSBRL
Based on our trend formula, ARSBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00575553 | 0.00577515 | 0.00575457 | 0.00577431 | +0.00001900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00575553 | 2024-05-09 05:11:56 |