Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Strong Downtrend (-100) - ARSMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ARSMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSMXN
The long-term trend has been DOWN since Jul 21st, 2020 at 0.31088543
The intermediate-term trend has been DOWN since Oct 5th, 2020 at 0.27676813
The short-term trend has been DOWN since Nov 16th, 2020 at 0.25507438
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).