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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Long-Term Downtrend (-90) - ARSBRL is in a strong downtrend that is likely to continue. While ARSBRL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ARSBRL
The long-term trend has been DOWN since Aug 19th, 2024 at 0.00571969
The intermediate-term trend has been DOWN since Nov 7th, 2024 at 0.00568265
The short-term trend has been DOWN since Nov 18th, 2024 at 0.00576602
Smart Scan Analysis for ARSBRL
Based on our trend formula, ARSBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00576426 | 0.00576794 | 0.00576010 | 0.00576505 | +0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00576426 | 2024-11-20 03:48:00 |