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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Argentine Peso (FOREX:GBPARS)
Bull Market Weakness (+75) - GBPARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPARS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPARS.
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 GBPARS
The long-term trend has been UP since May 11th, 2021 at 132.94166
The intermediate-term trend has been UP since Apr 28th, 2024 at 1098.97560
The short-term trend has been DOWN since May 8th, 2024 at 1098.90440
Smart Scan Analysis for GBPARS
Based on our trend formula, GBPARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1101.9069 | 1102.0379 | 1101.1389 | 1101.2918 | -0.6151 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1101.9069 | 2024-05-09 01:49:48 |