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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Argentine Peso/Mexican Peso (FOREX:ARSMXN)

Strong Downtrend (-100) - ARSMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ARSMXN continues to fall. 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
0.01929413 0.01939733 0.01929129 0.01937560 +0.00008100
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 Mar 12th, 2024 at 0.01979568

short term down The short-term trend has been DOWN since Mar 20th, 2024 at 0.01960721

Smart Scan Analysis for ARSMXN

Based on our trend formula, ARSMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ARSMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01929413 0.01939733 0.01929129 0.01937560 +0.00008100
Prev. Close Volume Bid Ask Time
0.01929413 2024-03-28 17:12:30
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