Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Argentine Peso/Singapore Dollar (FOREX:ARSSGD)
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 ARSSGD
The long term trend has been DOWN since May 18th, 2017 at 0.088745
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.049086
The short term trend has been UP since Sep 19th, 2018 at 0.034787
Smart Scan Analysis for ARSSGD
Based on a pre-defined weighted trend formula for chart analysis, ARSSGD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).