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Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Argentine Peso/Singapore Dollar (FOREX:ARSSGD)

Long-Term Downtrend (-90) - ARSSGD is in a strong downtrend that is likely to continue. While ARSSGD 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 ARSSGD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ARSSGD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ARSSGD
Open High Low ARSSGD Price Change
0.01890204 0.01890686 0.01882508 0.01886183 -0.00004000
Entry Signal

MarketClub’s Trade Triangles for ARSSGD

long term down The long-term trend has been DOWN since Dec 15th, 2017 at 0.07672500

intermediate term down The intermediate-term trend has been DOWN since Mar 29th, 2020 at 0.02206634

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 0.01890951

Smart Scan Analysis for ARSSGD

Based on our trend formula, ARSSGD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ARSSGD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01890204 0.01890686 0.01882508 0.01886183 -0.00004000
Prev. Close Volume Bid Ask Time
0.01890204 0.01886085 0.01886282 2020-08-05 14:41:08
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