Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Countertrend Down (-85) - ARSMXN 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 ARSMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSMXN
The long-term trend has been DOWN since Dec 23rd, 2021 at 0.20200133
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 0.05072691
The short-term trend has been UP since Dec 5th, 2023 at 0.04837424
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).