Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
British Pound/Argentine Peso (FOREX:GBPARS)
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 GBPARS
The long term trend has been UP since May 9th, 2017 at 20.1110
The intermediate term trend has been UP since May 3rd, 2018 at 29.0700
The short term trend has been DOWN since Jul 3rd, 2018 at 36.7555
Smart Scan Analysis for GBPARS
Based on a pre-defined weighted trend formula for chart analysis, GBPARS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).