Forex Trend Analysis Report
Prepared for you on Saturday, December 3, 2022.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Long-Term Downtrend (-90) - ARSMXN is in a strong downtrend that is likely to continue. While ARSMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Jun 24th, 2022 at 0.16050539
The short-term trend has been DOWN since Nov 21st, 2022 at 0.11873189
Smart Scan Analysis for ARSMXN
Based on our trend formula, ARSMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).