Forex Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
Argentine Peso/Canadian Dollar (FOREX:ARSCAD)
Long-Term Downtrend (-90) - ARSCAD is in a strong downtrend that is likely to continue. While ARSCAD 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 ARSCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSCAD
The long-term trend has been DOWN since Apr 14th, 2020 at 0.02135298
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 0.02161850
The short-term trend has been DOWN since Jul 27th, 2020 at 0.01858672
Smart Scan Analysis for ARSCAD
Based on our trend formula, ARSCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).