Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Argentine Peso/Japanese Yen (FOREX:ARSJPY)
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 ARSJPY
The long term trend has been DOWN since Dec 26th, 2017 at 6.24480
The intermediate term trend has been UP since Apr 5th, 2018 at 5.31315
The short term trend has been UP since Apr 18th, 2018 at 5.32755
Smart Scan Analysis for ARSJPY
Based on a pre-defined weighted trend formula for chart analysis, ARSJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).