Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Argentine Peso/British Pound (FOREX:ARSGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 ARSGBP
The long term trend has been DOWN since May 9th, 2017 at 0.049740
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.027477
The short term trend has been DOWN since Aug 9th, 2018 at 0.027985
Smart Scan Analysis for ARSGBP
Based on a pre-defined weighted trend formula for chart analysis, ARSGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).