Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Argentine Peso/Japanese Yen (FOREX:ARSJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ARSJPY
The long term trend has been DOWN since Dec 26th, 2017 at 6.24480
The intermediate term trend has been UP since Oct 3rd, 2018 at 3.03510
The short term trend has been DOWN since Nov 13th, 2018 at 3.19615
Smart Scan Analysis for ARSJPY
Based on a pre-defined weighted trend formula for chart analysis, ARSJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).