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Forex Trend Analysis Report

Prepared for you on Thursday, June 1, 2023.

Argentine Peso/Singapore Dollar (FOREX:ARSSGD)

Long-Term Downtrend (-90) - ARSSGD is in a strong downtrend that is likely to continue. While ARSSGD 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 ARSSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ARSSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ARSSGD
Open High Low ARSSGD Price Change
0.00564439 0.00565871 0.00564274 0.00565383 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for ARSSGD

long term down The long-term trend has been DOWN since Jun 1st, 2020 at 0.02060211

intermediate term down The intermediate-term trend has been DOWN since Dec 7th, 2021 at 0.01346274

short term down The short-term trend has been DOWN since May 15th, 2023 at 0.00579812

Smart Scan Analysis for ARSSGD

Based on our trend formula, ARSSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ARSSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00564439 0.00565871 0.00564274 0.00565383 +0.00000900
Prev. Close Volume Bid Ask Time
0.00564439 2023-06-01 04:42:18
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