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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Bear Market Rally (-75) - ARSMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ARSMXN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ARSMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSMXN.
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 ARSMXN
The long-term trend has been DOWN since Dec 23rd, 2021 at 0.20200133
The intermediate-term trend has been UP since Apr 16th, 2024 at 0.01941569
The short-term trend has been DOWN since Apr 29th, 2024 at 0.01950649
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01935475 | 0.01935475 | 0.01931152 | 0.01931152 | -0.00004300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01935475 | 2024-05-04 13:10:40 |