Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Australian Dollar/Argentine Peso (FOREX:AUDARS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 AUDARS
The long term trend has been UP since Dec 26th, 2017 at 13.9490
The intermediate term trend has been DOWN since Dec 25th, 2018 at 26.6805
The short term trend has been UP since Jan 16th, 2019 at 26.8315
Smart Scan Analysis for AUDARS
Based on a pre-defined weighted trend formula for chart analysis, AUDARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).