Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Argentine Peso/Euro (FOREX:ARSEUR)
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 ARSEUR
The long term trend has been DOWN since May 16th, 2017 at 0.058235
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.023168
The short term trend has been DOWN since May 24th, 2019 at 0.019818
Smart Scan Analysis for ARSEUR
Based on a pre-defined weighted trend formula for chart analysis, ARSEUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).