Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
British Pound/Argentine Peso (FOREX:GBPARS)
Sidelines Mode (+55) - GBPARS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Apr 14th, 2020 at 82.41737
The intermediate-term trend has been UP since Jun 27th, 2022 at 153.11687
The short-term trend has been DOWN since Aug 16th, 2022 at 161.91700
Smart Scan Analysis for GBPARS
Based on our trend formula, GBPARS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).