Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
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 ARSMXN
The long term trend has been DOWN since Jan 2nd, 2018 at 1.02610
The intermediate term trend has been DOWN since May 3rd, 2018 at 0.88926
The short term trend has been DOWN since Aug 7th, 2018 at 0.67488
Smart Scan Analysis for ARSMXN
Based on a pre-defined weighted trend formula for chart analysis, ARSMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).