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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.

FOREX_ARSBRL
Open High Low ARSBRL Price Change
0.088872 0.089025 0.088631 0.088830 -0.000042
Entry Signal

MarketClub’s Trade Triangles for ARSBRL

long term down The long term trend has been DOWN since Dec 27th, 2017 at 0.178540

intermediate term down The intermediate term trend has been DOWN since Jun 3rd, 2019 at 0.087151

short term down 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).

-70
Smart Scan Analysis for ARSBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.088872 0.089025 0.088631 0.088830 -0.000042
Prev. Close Volume Bid Ask Time
0.088872 0.088822 0.088838 2019-06-19 11:48:44
Want to analyze Argentine Peso/Brazilian Real ARSBRL or another symbol? Try our Free Forex Trend Analysis Report.