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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Argentine Peso (FOREX:USDARS)

Bull Market Weakness (+75) - USDARS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDARS as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDARS?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDARS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDARS
Open High Low USDARS Price Change
68.56419 68.59464 68.54842 68.57523 +0.01104
Entry Signal

MarketClub’s Trade Triangles for USDARS

long term up The long-term trend has been UP since Jun 19th, 2017 at 16.11550

intermediate term up The intermediate-term trend has been UP since Dec 31st, 2019 at 60.21670

short term down The short-term trend has been DOWN since Jun 1st, 2020 at 67.94131

Smart Scan Analysis for USDARS

Based on our trend formula, USDARS is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
68.56419 68.59464 68.54842 68.57523 +0.01104
Prev. Close Volume Bid Ask Time
68.56419 68.57121 68.57926 2020-06-02 05:16:30
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