Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Argentine Peso/Canadian Dollar (FOREX:ARSCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ARSCAD
The long term trend has been DOWN since Jun 13th, 2017 at 0.083175
The intermediate term trend has been DOWN since May 18th, 2017 at 0.086690
The short term trend has been UP since Jun 23rd, 2017 at 0.082390
Smart Scan Analysis for ARSCAD
Based on a pre-defined weighted trend formula for chart analysis, ARSCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).