Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Countertrend Up (+85) - ARSBRL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for ARSBRL
The long-term trend has been UP since Oct 19th, 2021 at 0.05626527
The intermediate-term trend has been UP since Sep 20th, 2021 at 0.05442284
The short-term trend has been DOWN since Oct 25th, 2021 at 0.05635607
Smart Scan Analysis for ARSBRL
Based on our trend formula, ARSBRL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).