Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Argentine Peso/South African Rand (FOREX:ARSZAR)
Long-Term Downtrend (-90) - ARSZAR is in a strong downtrend that is likely to continue. While ARSZAR 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 ARSZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSZAR
The long-term trend has been DOWN since Jan 21st, 2022 at 0.14452263
The intermediate-term trend has been DOWN since Jul 25th, 2022 at 0.12891280
The short-term trend has been DOWN since Aug 8th, 2022 at 0.12483651
Smart Scan Analysis for ARSZAR
Based on our trend formula, ARSZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).