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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Argentine Peso/South African Rand (FOREX:ARSZAR)

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

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

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

FOREX_ARSZAR
Open High Low ARSZAR Price Change
0.02053109 0.02062351 0.02042264 0.02048114 -0.00005000
Entry Signal

MarketClub’s Trade Triangles for ARSZAR

long term down The long-term trend has been DOWN since Jan 21st, 2022 at 0.14452263

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 0.02240957

short term down The short-term trend has been DOWN since May 27th, 2024 at 0.02055464

Smart Scan Analysis for ARSZAR

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

-90
Smart Scan Analysis for ARSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02053109 0.02062351 0.02042264 0.02048114 -0.00005000
Prev. Close Volume Bid Ask Time
0.02053109 2024-05-28 22:19:08
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