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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Argentine Peso/Japanese Yen (FOREX:ARSJPY)

Countertrend Down (-85) - ARSJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid ARSJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for ARSJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ARSJPY
Open High Low ARSJPY Price Change
1.5711597 1.5713432 1.5702789 1.5706059 -0.0005540
Entry Signal

MarketClub’s Trade Triangles for ARSJPY

long term down The long-term trend has been DOWN since Dec 26th, 2017 at 6.2448000

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2020 at 1.8029782

short term up The short-term trend has been UP since May 31st, 2020 at 1.5846993

Smart Scan Analysis for ARSJPY

Based on our trend formula, ARSJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ARSJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5711597 1.5713432 1.5702789 1.5706059 -0.0005540
Prev. Close Volume Bid Ask Time
1.5711597 1.5705133 1.5706985 2020-06-02 02:05:54
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