Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Canadian Dollar/Argentine Peso (FOREX:CADARS)
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 CADARS
The long term trend has been UP since Dec 26th, 2017 at 14.2750
The intermediate term trend has been UP since Apr 6th, 2018 at 15.8515
The short term trend has been DOWN since Jun 21st, 2018 at 20.7800
Smart Scan Analysis for CADARS
Based on a pre-defined weighted trend formula for chart analysis, CADARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).