Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2017.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ARSBRL
The long term trend has been DOWN since Jan 4th, 2017 at 0.203675
The intermediate term trend has been DOWN since Mar 20th, 2017 at 0.198520
The short term trend has been UP since Mar 23rd, 2017 at 0.200450
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).