Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
Argentine Peso/South African Rand (FOREX:ARSZAR)
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 ARSZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.740325
The intermediate term trend has been DOWN since Nov 16th, 2018 at 0.386825
The short term trend has been UP since Nov 30th, 2018 at 0.363655
Smart Scan Analysis for ARSZAR
Based on a pre-defined weighted trend formula for chart analysis, ARSZAR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).