Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Argentine Peso/South African Rand (FOREX:ARSZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 ARSZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.740325
The intermediate term trend has been UP since Oct 8th, 2018 at 0.393160
The short term trend has been UP since Oct 12th, 2018 at 0.402225
Smart Scan Analysis for ARSZAR
Based on a pre-defined weighted trend formula for chart analysis, ARSZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).