Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Apr 11th, 2017 at 0.206875
The intermediate term trend has been DOWN since Jun 26th, 2017 at 0.202410
The short term trend has been DOWN since Jun 26th, 2017 at 0.205020
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).