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.
MarketClub’s Trade Triangles for USDARS
The long-term trend has been UP since Jun 19th, 2017 at 16.11550
The intermediate-term trend has been UP since Dec 31st, 2019 at 60.21670
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).