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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

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.

FOREX_EURARS
Open High Low EURARS Price Change
136.6943 138.0489 136.1898 137.6136 +0.9193
Entry Signal

MarketClub’s Trade Triangles for EURARS

long term up The long-term trend has been UP since Dec 29th, 2021 at 116.5335

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 132.3494

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 137.5762

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).

+85
Smart Scan Analysis for EURARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
136.6943 138.0489 136.1898 137.6136 +0.9193
Prev. Close Volume Bid Ask Time
136.6943 2022-08-16 20:53:13
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