Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Argentine Peso/Australian Dollar (FOREX:ARSAUD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Dec 26th, 2017 at 0.071650
The intermediate term trend has been DOWN since Jan 30th, 2019 at 0.036764
The short term trend has been DOWN since Feb 11th, 2019 at 0.037013
Smart Scan Analysis for ARSAUD
Based on a pre-defined weighted trend formula for chart analysis, ARSAUD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).