Forex Trend Analysis Report
Prepared for you on Wednesday, January 24, 2018.
Argentine Peso/Peruvian Nuevo Sol (FOREX:ARSPEN)
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 ARSPEN
The long term trend has been DOWN since Dec 21st, 2017 at 0.182340
The intermediate term trend has been DOWN since Dec 15th, 2017 at 0.184545
The short term trend has been DOWN since Jan 16th, 2018 at 0.171330
Smart Scan Analysis for ARSPEN
Based on a pre-defined weighted trend formula for chart analysis, ARSPEN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).