Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 ARSMXN
The long term trend has been DOWN since Jan 2nd, 2018 at 1.026100
The intermediate term trend has been DOWN since Nov 26th, 2018 at 0.540060
The short term trend has been UP since Nov 30th, 2018 at 0.538935
Smart Scan Analysis for ARSMXN
Based on a pre-defined weighted trend formula for chart analysis, ARSMXN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).