Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Argentine Peso/Japanese Yen (FOREX:ARSJPY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 ARSJPY
The long term trend has been DOWN since Dec 26th, 2017 at 6.24480
The intermediate term trend has been DOWN since Dec 20th, 2017 at 6.37970
The short term trend has been DOWN since Jan 15th, 2018 at 5.92995
Smart Scan Analysis for ARSJPY
Based on a pre-defined weighted trend formula for chart analysis, ARSJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).