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.
MarketClub’s Trade Triangles for ARSSGD
The long-term trend has been DOWN since Dec 15th, 2017 at 0.07672500
The intermediate-term trend has been DOWN since Mar 29th, 2020 at 0.02206634
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).