Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Argentine Peso/British Pound (FOREX:ARSGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ARSGBP
The long term trend has been DOWN since May 9th, 2017 at 0.049740
The intermediate term trend has been UP since Oct 11th, 2018 at 0.020657
The short term trend has been UP since Oct 17th, 2018 at 0.021135
Smart Scan Analysis for ARSGBP
Based on a pre-defined weighted trend formula for chart analysis, ARSGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).