Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Argentine Peso/Peruvian Nuevo Sol (FOREX:ARSPEN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 ARSPEN
The long term trend has been UP since Nov 2nd, 2017 at 0.191555
The intermediate term trend has been UP since Nov 2nd, 2017 at 0.187810
The short term trend has been UP since Nov 16th, 2017 at 0.185980
Smart Scan Analysis for ARSPEN
Based on a pre-defined weighted trend formula for chart analysis, ARSPEN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).