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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.

FOREX_ARSMXN
Open High Low ARSMXN Price Change
0.29652111 0.29772966 0.29512887 0.29592148 -0.00060000
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term down The long-term trend has been DOWN since Jul 21st, 2020 at 0.31088543

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2020 at 0.29615788

short term up 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).

+60
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways 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
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