Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Canadian Dollar/Argentine Peso (FOREX:CADARS)
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 CADARS
The long term trend has been UP since Dec 26th, 2017 at 14.275
The intermediate term trend has been DOWN since Oct 9th, 2018 at 28.705
The short term trend has been DOWN since Oct 17th, 2018 at 27.723
Smart Scan Analysis for CADARS
Based on a pre-defined weighted trend formula for chart analysis, CADARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).