Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
US Dollar/Argentine Peso (FOREX:USDARS)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Nov 23rd, 2018 at 37.1623
The short term trend has been UP since Dec 5th, 2018 at 37.9145
Smart Scan Analysis for USDARS
Based on a pre-defined weighted trend formula for chart analysis, USDARS scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).