Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Argentine Peso/Hong Kong Dollar (FOREX:ARSHKD)
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 ARSHKD
The long term trend has been DOWN since May 18th, 2017 at 0.487805
The intermediate term trend has been DOWN since Jul 25th, 2019 at 0.181990
The short term trend has been UP since Aug 20th, 2019 at 0.143390
Smart Scan Analysis for ARSHKD
Based on a pre-defined weighted trend formula for chart analysis, ARSHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).