Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Argentine Peso/Canadian Dollar (FOREX:ARSCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ARSCAD
The long term trend has been DOWN since Dec 26th, 2017 at 0.070065
The intermediate term trend has been DOWN since Dec 15th, 2017 at 0.072620
The short term trend has been UP since Feb 21st, 2018 at 0.063670
Smart Scan Analysis for ARSCAD
Based on a pre-defined weighted trend formula for chart analysis, ARSCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).