Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
Argentine Peso/Peruvian Nuevo Sol (FOREX:ARSPEN)
Long-Term Downtrend (-90) - ARSPEN is in a strong downtrend that is likely to continue. While ARSPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ARSPEN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSPEN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSPEN
The long-term trend has been DOWN since Oct 24th, 2021 at 0.04027598
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.01103439
The short-term trend has been DOWN since Nov 21st, 2023 at 0.01083936
Smart Scan Analysis for ARSPEN
Based on our trend formula, ARSPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).