Forex Trend Analysis Report
Prepared for you on Thursday, April 19, 2018.
British Pound/Argentine Peso (FOREX:GBPARS)
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 GBPARS
The long term trend has been UP since May 9th, 2017 at 20.1110
The intermediate term trend has been UP since Sep 10th, 2017 at 22.7690
The short term trend has been DOWN since Apr 18th, 2018 at 28.7385
Smart Scan Analysis for GBPARS
Based on a pre-defined weighted trend formula for chart analysis, GBPARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).