Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Argentine Peso/Hong Kong Dollar (FOREX:ARSHKD)
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 ARSHKD
The long term trend has been DOWN since May 18th, 2017 at 0.487805
The intermediate term trend has been DOWN since Feb 7th, 2019 at 0.206735
The short term trend has been DOWN since May 20th, 2019 at 0.173815
Smart Scan Analysis for ARSHKD
Based on a pre-defined weighted trend formula for chart analysis, ARSHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).