Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Argentine Peso/Colombian Peso (FOREX:ARSCOP)
Strong Downtrend (-100) - ARSCOP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ARSCOP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ARSCOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSCOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSCOP
The long-term trend has been DOWN since Sep 8th, 2022 at 31.339249
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 12.061875
The short-term trend has been DOWN since Nov 21st, 2023 at 11.336266
Smart Scan Analysis for ARSCOP
Based on our trend formula, ARSCOP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).