Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Sidelines Mode (+55) - ARSBRL 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 ARSBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSBRL
The long-term trend has been DOWN since Jun 8th, 2020 at 0.07149291
The intermediate-term trend has been UP since Mar 1st, 2021 at 0.06244234
The short-term trend has been DOWN since Mar 4th, 2021 at 0.06165714
Smart Scan Analysis for ARSBRL
Based on our trend formula, ARSBRL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).