Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Argentine Peso/Chilean Peso (FOREX:ARSCLP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ARSCLP
The long term trend has been DOWN since Jan 9th, 2018 at 35.9005
The intermediate term trend has been DOWN since Nov 21st, 2018 at 18.6405
The short term trend has been UP since Dec 3rd, 2018 at 17.8625
Smart Scan Analysis for ARSCLP
Based on a pre-defined weighted trend formula for chart analysis, ARSCLP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).