Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Canadian Dollar/Argentine Peso (FOREX:CADARS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CADARS
The long term trend has been UP since Dec 26th, 2017 at 14.275000
The intermediate term trend has been DOWN since Jan 27th, 2020 at 45.543705
The short term trend has been DOWN since Jan 22nd, 2020 at 45.874565
Smart Scan Analysis for CADARS
Based on a pre-defined weighted trend formula for chart analysis, CADARS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).