Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Sidelines Mode (+55) - ARSBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 2nd, 2020 at 0.07143259
The intermediate-term trend has been UP since Jan 12th, 2020 at 0.06870257
The short-term trend has been DOWN since May 15th, 2020 at 0.08514994
Smart Scan Analysis for ARSBRL
Based on our trend formula, ARSBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).