Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Argentine Peso/Canadian Dollar (FOREX:ARSCAD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ARSCAD
The long term trend has been DOWN since Dec 26th, 2017 at 0.07006500
The intermediate term trend has been UP since Jan 27th, 2020 at 0.02195693
The short term trend has been UP since Jan 23rd, 2020 at 0.02195394
Smart Scan Analysis for ARSCAD
Based on a pre-defined weighted trend formula for chart analysis, ARSCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).