Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
US Dollar/Argentine Peso (FOREX:USDARS)
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 USDARS
The long term trend has been UP since May 18th, 2017 at 15.9065
The intermediate term trend has been DOWN since Oct 12th, 2018 at 36.3900
The short term trend has been DOWN since Oct 2nd, 2018 at 39.4670
Smart Scan Analysis for USDARS
Based on a pre-defined weighted trend formula for chart analysis, USDARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).