Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

Argentine Peso/Mexican Peso (FOREX:ARSMXN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_ARSMXN
Open High Low ARSMXN Price Change
0.633200 0.634015 0.631790 0.633430 +0.000230
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term down The long term trend has been DOWN since Jan 2nd, 2018 at 1.02610

intermediate term down The intermediate term trend has been DOWN since May 3rd, 2018 at 0.88926

short term down The short term trend has been DOWN since Aug 7th, 2018 at 0.67488

Smart Scan Analysis for ARSMXN

Based on a pre-defined weighted trend formula for chart analysis, ARSMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.633200 0.634015 0.631790 0.633430 +0.000230
Prev. Close Volume Bid Ask Time
0.633200 0.633350 0.633510 2018-08-20 06:25:38
Want to analyze Argentine Peso/Mexican Peso ARSMXN or another symbol? Try our Free Forex Trend Analysis Report.