Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
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, ARSMXN 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 Dec 23rd, 2021 at 0.20200133
The intermediate-term trend has been DOWN since Jun 24th, 2022 at 0.16050539
The short-term trend has been DOWN since Mar 21st, 2023 at 0.09186693
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).