Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Argentine Peso/British Pound (FOREX:ARSGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 ARSGBP
The long term trend has been DOWN since May 9th, 2017 at 0.049740
The intermediate term trend has been DOWN since Nov 23rd, 2018 at 0.021127
The short term trend has been DOWN since Dec 5th, 2018 at 0.020667
Smart Scan Analysis for ARSGBP
Based on a pre-defined weighted trend formula for chart analysis, ARSGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).