Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Argentine Peso/Australian Dollar (FOREX:ARSAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ARSAUD
The long term trend has been DOWN since Dec 26th, 2017 at 0.071650
The intermediate term trend has been DOWN since Apr 27th, 2018 at 0.063390
The short term trend has been DOWN since Jul 17th, 2018 at 0.049266
Smart Scan Analysis for ARSAUD
Based on a pre-defined weighted trend formula for chart analysis, ARSAUD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).