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.
MarketClub’s Trade Triangles for ARSMXN
The long-term trend has been UP since Oct 11th, 2021 at 0.21034054
The intermediate-term trend has been DOWN since Oct 20th, 2021 at 0.20301729
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).