Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 Apr 11th, 2017 at 0.206875
The intermediate term trend has been UP since Mar 31st, 2017 at 0.205635
The short term trend has been DOWN since Apr 18th, 2017 at 0.205695
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).