Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
Hong Kong Dollar/Argentine Peso (FOREX:HKDARS)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 HKDARS
The long term trend has been UP since May 18th, 2017 at 2.05000
The intermediate term trend has been DOWN since Aug 14th, 2017 at 2.19725
The short term trend has been UP since Sep 18th, 2017 at 2.18480
Smart Scan Analysis for HKDARS
Based on a pre-defined weighted trend formula for chart analysis, HKDARS scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).