Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Argentine Peso/Singapore Dollar (FOREX:ARSSGD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Jan 11th, 2019 at 0.036610
The short term trend has been UP since Jan 22nd, 2019 at 0.036200
Smart Scan Analysis for ARSSGD
Based on a pre-defined weighted trend formula for chart analysis, ARSSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).