Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Sidelines Mode (+55) - ARSMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Mar 8th, 2020 at 0.32885630
The intermediate-term trend has been UP since Feb 28th, 2020 at 0.31517770
The short-term trend has been DOWN since Apr 7th, 2020 at 0.37810506
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).