Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Argentine Peso/Singapore Dollar (FOREX:ARSSGD)
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 ARSSGD
The long term trend has been DOWN since May 18th, 2017 at 0.08874500
The intermediate term trend has been UP since Jan 28th, 2020 at 0.02266230
The short term trend has been UP since Jan 21st, 2020 at 0.02249418
Smart Scan Analysis for ARSSGD
Based on a pre-defined weighted trend formula for chart analysis, ARSSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).