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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Argentine Peso/Mexican Peso (FOREX:ARSMXN)

Crossroads (-60) - ARSMXN 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 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.

FOREX_ARSMXN
Open High Low ARSMXN Price Change
0.20359701 0.20420455 0.20298019 0.20337035 -0.00022700
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term up The long-term trend has been UP since Oct 11th, 2021 at 0.21034054

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2021 at 0.20301729

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 0.20932374

Smart Scan Analysis for ARSMXN

Based on our trend formula, ARSMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20359701 0.20420455 0.20298019 0.20337035 -0.00022700
Prev. Close Volume Bid Ask Time
0.20359701 2021-10-20 16:59:07
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