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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Argentine Peso/Brazilian Real (FOREX:ARSBRL)

Long-Term Downtrend (-90) - ARSBRL is in a strong downtrend that is likely to continue. While ARSBRL 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 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.

FOREX_ARSBRL
Open High Low ARSBRL Price Change
0.00580198 0.00582218 0.00579946 0.00582132 +0.00001900
Entry Signal

MarketClub’s Trade Triangles for ARSBRL

long term down The long-term trend has been DOWN since Jan 11th, 2022 at 0.05377431

intermediate term down The intermediate-term trend has been DOWN since Mar 21st, 2024 at 0.00581327

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.00585462

Smart Scan Analysis for ARSBRL

Based on our trend formula, ARSBRL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ARSBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00580198 0.00582218 0.00579946 0.00582132 +0.00001900
Prev. Close Volume Bid Ask Time
0.00580198 2024-03-28 07:52:23
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