Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Argentine Peso/Colombian Peso (FOREX:ARSCOP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 167.3500
The intermediate term trend has been UP since Oct 9th, 2018 at 80.7760
The short term trend has been UP since Oct 2nd, 2018 at 75.8265
Smart Scan Analysis for ARSCOP
Based on a pre-defined weighted trend formula for chart analysis, ARSCOP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).