Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Argentine Peso/Euro (FOREX:ARSEUR)
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 ARSEUR
The long term trend has been DOWN since May 16th, 2017 at 0.058235
The intermediate term trend has been DOWN since Apr 27th, 2018 at 0.039855
The short term trend has been UP since Jun 21st, 2018 at 0.031395
Smart Scan Analysis for ARSEUR
Based on a pre-defined weighted trend formula for chart analysis, ARSEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).