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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Argentine Peso/Brazilian Real (FOREX:ARSBRL)

Countertrend Down (-85) - ARSBRL is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_ARSBRL
Open High Low ARSBRL Price Change
0.00580788 0.00580879 0.00577442 0.00577649 -0.00003100
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 down The intermediate-term trend has been DOWN since May 3rd, 2024 at 0.00578215

short term up The short-term trend has been UP since May 29th, 2024 at 0.00580761

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).

-85
Smart Scan Analysis for ARSBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00580788 0.00580879 0.00577442 0.00577649 -0.00003100
Prev. Close Volume Bid Ask Time
0.00580788 2024-05-29 03:58:35
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