Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Argentine Peso/Peruvian Nuevo Sol (FOREX:ARSPEN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 ARSPEN
The long term trend has been DOWN since May 18th, 2017 at 0.20574
The intermediate term trend has been UP since Aug 14th, 2017 at 0.18708
The short term trend has been DOWN since Sep 19th, 2017 at 0.18977
Smart Scan Analysis for ARSPEN
Based on a pre-defined weighted trend formula for chart analysis, ARSPEN scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).