Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Argentine Peso/US Dollar (FOREX:ARSUSD)
Bear Market Rally (-75) - ARSUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ARSUSD as it may be in the beginning of a reversal.
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 Apr 23rd, 2018 at 0.04946000
The intermediate-term trend has been DOWN since Dec 31st, 2019 at 0.01660730
The short-term trend has been UP since Apr 19th, 2021 at 0.01080149
Smart Scan Analysis for ARSUSD
Based on our trend formula, ARSUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).