Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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.

FOREX_ARSMXN
Open High Low ARSMXN Price Change
0.01868565 0.01869265 0.01866141 0.01869075 +0.00000500
Entry Signal

MarketClub’s Trade Triangles for ARSMXN

long term down The long-term trend has been DOWN since Dec 23rd, 2021 at 0.20200133

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2024 at 0.01908593

short term down The short-term trend has been DOWN since May 15th, 2024 at 0.01892356

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).

-90
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01868565 0.01869265 0.01866141 0.01869075 +0.00000500
Prev. Close Volume Bid Ask Time
0.01868565 2024-05-22 07:15:06
Get a free daily analysis and signals for Argentine Peso/Mexican Peso (ARSMXN) - Request Your Free Report.