Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Argentine Peso/Chilean Peso (FOREX:ARSCLP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 ARSCLP
The long term trend has been DOWN since Aug 18th, 2019 at 15.3100
The intermediate term trend has been DOWN since Jul 30th, 2019 at 15.9815
The short term trend has been DOWN since Jul 16th, 2019 at 16.0635
Smart Scan Analysis for ARSCLP
Based on a pre-defined weighted trend formula for chart analysis, ARSCLP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).