Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
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 ARSBRL
The long term trend has been DOWN since Dec 27th, 2017 at 0.178540
The intermediate term trend has been DOWN since Jun 3rd, 2019 at 0.087151
The short term trend has been DOWN since Jun 18th, 2019 at 0.088220
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).