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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
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.
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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 UP since Apr 16th, 2024 at 0.01941569
The short-term trend has been DOWN since Apr 23rd, 2024 at 0.01952916
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01940978 | 0.01962735 | 0.01937652 | 0.01955553 | +0.00014600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01940978 | 2024-04-24 14:31:45 |