Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Argentine Peso/Singapore Dollar (FOREX:ARSSGD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 UP since Oct 8th, 2018 at 0.036956
The short term trend has been DOWN since Nov 13th, 2018 at 0.038696
Smart Scan Analysis for ARSSGD
Based on a pre-defined weighted trend formula for chart analysis, ARSSGD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).