Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Argentine Peso/US Dollar (FOREX:ARSUSD)
Long-Term Downtrend (-90) - ARSUSD is in a strong downtrend that is likely to continue. While ARSUSD 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 ARSUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ARSUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ARSUSD
The long-term trend has been DOWN since Dec 11th, 2020 at 0.01216732
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.00285023
The short-term trend has been DOWN since Nov 27th, 2023 at 0.00278926
Smart Scan Analysis for ARSUSD
Based on our trend formula, ARSUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).