Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Swiss Franc/Argentine Peso (FOREX:CHFARS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CHFARS
The long term trend has been UP since May 18th, 2017 at 16.0800
The intermediate term trend has been DOWN since Aug 14th, 2017 at 18.0620
The short term trend has been UP since Oct 19th, 2017 at 17.8915
Smart Scan Analysis for CHFARS
Based on a pre-defined weighted trend formula for chart analysis, CHFARS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).