Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Argentine Peso/Colombian Peso (FOREX:ARSCOP)
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 ARSCOP
The long term trend has been DOWN since Jan 7th, 2018 at 167.350
The intermediate term trend has been UP since Jan 10th, 2018 at 154.995
The short term trend has been DOWN since Jan 7th, 2018 at 171.055
Smart Scan Analysis for ARSCOP
Based on a pre-defined weighted trend formula for chart analysis, ARSCOP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).