Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Japanese Yen/Argentine Peso (FOREX:JPYARS)
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 JPYARS
The long term trend has been UP since Dec 26th, 2017 at 0.160135
The intermediate term trend has been DOWN since Jul 10th, 2018 at 0.245325
The short term trend has been UP since Jul 17th, 2018 at 0.243645
Smart Scan Analysis for JPYARS
Based on a pre-defined weighted trend formula for chart analysis, JPYARS scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).