Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Argentine Peso/Hong Kong Dollar (FOREX:ARSHKD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 ARSHKD
The long term trend has been DOWN since May 18th, 2017 at 0.48780500
The intermediate term trend has been DOWN since Jul 25th, 2019 at 0.18199000
The short term trend has been DOWN since Nov 12th, 2019 at 0.13113743
Smart Scan Analysis for ARSHKD
Based on a pre-defined weighted trend formula for chart analysis, ARSHKD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).