Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Argentine Peso/British Pound (FOREX:ARSGBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 ARSGBP
The long term trend has been DOWN since Aug 12th, 2019 at 0.016814
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 0.018475
The short term trend has been DOWN since Sep 9th, 2019 at 0.014458
Smart Scan Analysis for ARSGBP
Based on a pre-defined weighted trend formula for chart analysis, ARSGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).