Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Japanese Yen/Argentine Peso (FOREX:JPYARS)
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 JPYARS
The long term trend has been UP since Dec 26th, 2017 at 0.160135
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 0.329475
The short term trend has been UP since Nov 13th, 2018 at 0.312965
Smart Scan Analysis for JPYARS
Based on a pre-defined weighted trend formula for chart analysis, JPYARS scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).