Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
British Pound/Argentine Peso (FOREX:GBPARS)
Long-Term Uptrend (+90) - GBPARS is in a strong uptrend that is likely to continue. While GBPARS is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPARS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPARS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPARS
The long-term trend has been UP since Nov 30th, 2020 at 108.76141
The intermediate-term trend has been UP since Nov 3rd, 2023 at 431.82873
The short-term trend has been UP since Nov 14th, 2023 at 429.83733
Smart Scan Analysis for GBPARS
Based on our trend formula, GBPARS is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).