Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Argentine Peso/British Pound (FOREX:ARSGBP)
Bear Market Rally (-75) - ARSGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ARSGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ARSGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSGBP
The long-term trend has been DOWN since Apr 14th, 2020 at 0.01213382
The intermediate-term trend has been DOWN since Jun 27th, 2022 at 0.00653017
The short-term trend has been UP since Aug 15th, 2022 at 0.00615018
Smart Scan Analysis for ARSGBP
Based on our trend formula, ARSGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).