Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Argentine Peso (FOREX:EURARS)
Countertrend Up (+85) - EURARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid EURARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURARS
The long-term trend has been UP since Dec 29th, 2021 at 116.5335
The intermediate-term trend has been UP since Oct 23rd, 2023 at 372.4255
The short-term trend has been DOWN since Dec 1st, 2023 at 392.2130
Smart Scan Analysis for EURARS
Based on our trend formula, EURARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).