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Forex Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Crossroads (+60) - ARSMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for ARSMXN
The long-term trend has been DOWN since Jul 21st, 2020 at 0.31088543
The intermediate-term trend has been UP since Sep 23rd, 2020 at 0.29615788
The short-term trend has been UP since Sep 21st, 2020 at 0.28125531
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.29652111 | 0.29772966 | 0.29512887 | 0.29592148 | -0.00060000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.29652111 | 0.29590636 | 0.29593659 | 2020-09-24 07:40:51 |