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Forex Trend Analysis Report

Prepared for you on Friday, April 26, 2024.

Argentine Peso/Brazilian Real (FOREX:ARSBRL)

Weak Downtrend (-65) - ARSBRL is showing signs of a strengthening downtrend. Monitor ARSBRL as it may be building momentum to the downside.

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.

FOREX_ARSBRL
Open High Low ARSBRL Price Change
0.00589223 0.00591168 0.00584024 0.00590485 +0.00001300
Entry Signal

MarketClub’s Trade Triangles for ARSBRL

long term down The long-term trend has been DOWN since Jan 11th, 2022 at 0.05377431

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2024 at 0.00593683

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.00595271

Smart Scan Analysis for ARSBRL

Based on our trend formula, ARSBRL is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for ARSBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00589223 0.00591168 0.00584024 0.00590485 +0.00001300
Prev. Close Volume Bid Ask Time
0.00589223 2024-04-26 23:31:11
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