Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 3rd, 2017 at 0.197615
The intermediate term trend has been UP since Aug 14th, 2017 at 0.182980
The short term trend has been DOWN since Aug 18th, 2017 at 0.182660
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).