Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ARSMXN
The long term trend has been DOWN since Jan 2nd, 2018 at 1.026100
The intermediate term trend has been DOWN since Dec 27th, 2017 at 1.071850
The short term trend has been UP since Mar 12th, 2018 at 0.921975
Smart Scan Analysis for ARSMXN
Based on a pre-defined weighted trend formula for chart analysis, ARSMXN scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).