Free Daily Analysis

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.

FOREX_ARSMXN
Open High Low ARSMXN Price Change
0.11534604 0.11567572 0.11534604 0.11567572 +0.00033000
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 Jun 24th, 2022 at 0.16050539

short term down 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).

-90
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11534604 0.11567572 0.11534604 0.11567572 +0.00033000
Prev. Close Volume Bid Ask Time
0.11534604 2022-12-03 07:23:06
Get a free daily analysis and signals for Argentine Peso/Mexican Peso (ARSMXN) - Request Your Free Report.