Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Argentine Peso/Colombian Peso (FOREX:ARSCOP)
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 ARSCOP
The long term trend has been DOWN since Jan 7th, 2018 at 167.350
The intermediate term trend has been DOWN since May 13th, 2018 at 136.715
The short term trend has been UP since Jul 10th, 2018 at 103.605
Smart Scan Analysis for ARSCOP
Based on a pre-defined weighted trend formula for chart analysis, ARSCOP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).