Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Argentine Peso/Canadian Dollar (FOREX:ARSCAD)
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 ARSCAD
The long term trend has been DOWN since Jun 13th, 2017 at 0.083175
The intermediate term trend has been UP since Oct 5th, 2017 at 0.072385
The short term trend has been UP since Oct 17th, 2017 at 0.072395
Smart Scan Analysis for ARSCAD
Based on a pre-defined weighted trend formula for chart analysis, ARSCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).