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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.

FOREX_EURARS
Open High Low EURARS Price Change
392.4441 392.6716 390.5772 392.4004 -0.0437
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 Oct 23rd, 2023 at 372.4255

short term down 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).

+85
Smart Scan Analysis for EURARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
392.4441 392.6716 390.5772 392.4004 -0.0437
Prev. Close Volume Bid Ask Time
392.4004 2023-12-08 20:32:21
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