Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Argentine Peso/Brazilian Real (FOREX:ARSBRL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Jul 15th, 2019 at 0.089046
The short term trend has been UP since Aug 20th, 2019 at 0.074320
Smart Scan Analysis for ARSBRL
Based on a pre-defined weighted trend formula for chart analysis, ARSBRL scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).