Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
Argentine Peso/Australian Dollar (FOREX:ARSAUD)
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 ARSAUD
The long term trend has been DOWN since Aug 12th, 2019 at 0.03134400
The intermediate term trend has been DOWN since Jul 25th, 2019 at 0.03328500
The short term trend has been DOWN since Nov 19th, 2019 at 0.02458133
Smart Scan Analysis for ARSAUD
Based on a pre-defined weighted trend formula for chart analysis, ARSAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).