Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Argentine Peso/Japanese Yen (FOREX:ARSJPY)
Crossroads (+60) - ARSJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ARSJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSJPY
The long-term trend has been DOWN since Nov 23rd, 2018 at 3.0106000
The intermediate-term trend has been UP since Sep 27th, 2021 at 1.1281200
The short-term trend has been UP since Oct 7th, 2021 at 1.1275215
Smart Scan Analysis for ARSJPY
Based on our trend formula, ARSJPY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).