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Forex Trend Analysis Report

Prepared for you on Wednesday, October 16, 2019.

Argentine Peso/Colombian Peso (FOREX:ARSCOP)

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.

FOREX_ARSCOP
Open High Low ARSCOP Price Change
59.576991 59.727595 59.576991 59.727595 +0.150604
Entry Signal

MarketClub’s Trade Triangles for ARSCOP

long term down The long term trend has been DOWN since Aug 15th, 2019 at 71.9510

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 59.7350

short term down The short term trend has been DOWN since Oct 10th, 2019 at 60.0705

Smart Scan Analysis for ARSCOP

Based on a pre-defined weighted trend formula for chart analysis, ARSCOP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for ARSCOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
59.576991 59.727595 59.576991 59.727595 +0.150604
Prev. Close Volume Bid Ask Time
59.576991 58.945452 60.509738 2019-10-13 05:44:48
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