Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
British Pound/Argentine Peso (FOREX:GBPARS)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 GBPARS
The long term trend has been UP since Aug 12th, 2019 at 59.48250
The intermediate term trend has been DOWN since Dec 25th, 2019 at 76.96622
The short term trend has been DOWN since Jan 20th, 2020 at 77.91448
Smart Scan Analysis for GBPARS
Based on a pre-defined weighted trend formula for chart analysis, GBPARS scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).