Forex Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
Japanese Yen/Argentine Peso (FOREX:JPYARS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 JPYARS
The long term trend has been UP since Dec 26th, 2017 at 0.160135
The intermediate term trend has been DOWN since Apr 5th, 2018 at 0.188255
The short term trend has been DOWN since Apr 18th, 2018 at 0.187715
Smart Scan Analysis for JPYARS
Based on a pre-defined weighted trend formula for chart analysis, JPYARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).