Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Argentine Peso/British Pound (FOREX:ARSGBP)
Long-Term Downtrend (-90) - ARSGBP is in a strong downtrend that is likely to continue. While ARSGBP 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 ARSGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSGBP
The long-term trend has been DOWN since Oct 13th, 2022 at 0.00585869
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.00231622
The short-term trend has been DOWN since Nov 14th, 2023 at 0.00232674
Smart Scan Analysis for ARSGBP
Based on our trend formula, ARSGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).