Forex Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
Argentine Peso/Colombian Peso (FOREX:ARSCOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 29th, 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 -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).