Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ARSBRL
The long term trend has been UP since Nov 3rd, 2017 at 0.187430
The intermediate term trend has been UP since Oct 17th, 2017 at 0.183180
The short term trend has been DOWN since Dec 15th, 2017 at 0.189985
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).