Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 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 DOWN since Jul 3rd, 2017 at 0.197615
The intermediate term trend has been UP since Oct 17th, 2017 at 0.183180
The short term trend has been UP since Oct 16th, 2017 at 0.182440
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).