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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Argentine Peso/Mexican Peso (FOREX:ARSMXN)

Countertrend Down (-85) - ARSMXN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.01912399 0.01912399 0.01912399 0.01912399 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term down The long-term trend has been DOWN since Dec 23rd, 2021 at 0.20200133

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.01979568

short term up The short-term trend has been UP since Apr 12th, 2024 at 0.01909125

Smart Scan Analysis for ARSMXN

Based on our trend formula, ARSMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01912399 0.01912399 0.01912399 0.01912399 0.00000000
Prev. Close Volume Bid Ask Time
0.01912399 2024-04-14 10:46:29
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