Forex Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
Argentine Peso/Australian Dollar (FOREX:ARSAUD)
Long-Term Downtrend (-90) - ARSAUD is in a strong downtrend that is likely to continue. While ARSAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ARSAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSAUD
The long-term trend has been DOWN since Apr 23rd, 2020 at 0.02357795
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 0.02502650
The short-term trend has been DOWN since Aug 5th, 2020 at 0.01916452
Smart Scan Analysis for ARSAUD
Based on our trend formula, ARSAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).