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Forex Trend Analysis Report

Prepared for you on Sunday, August 1, 2021.

Argentine Peso/Mexican Peso (FOREX:ARSMXN)

Long-Term Downtrend (-90) - ARSMXN is in a strong downtrend that is likely to continue. While ARSMXN 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 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
0.20556156 0.20556156 0.20556156 0.20556156 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.31088543

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2021 at 0.20608107

short term down The short-term trend has been DOWN since Jul 23rd, 2021 at 0.20772852

Smart Scan Analysis for ARSMXN

Based on our trend formula, ARSMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20556156 0.20556156 0.20556156 0.20556156 0.00000000
Prev. Close Volume Bid Ask Time
0.20556156 2021-08-01 10:25:44
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