Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
Argentine Peso/British Pound (FOREX:ARSGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
MarketClub’s Trade Triangles for ARSGBP
The long term trend has been DOWN since May 9th, 2017 at 0.049740
The intermediate term trend has been DOWN since Nov 23rd, 2018 at 0.021127
The short term trend has been UP since Mar 15th, 2019 at 0.018624
Smart Scan Analysis for ARSGBP
Based on a pre-defined weighted trend formula for chart analysis, ARSGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).