Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Argentine Peso/Japanese Yen (FOREX:ARSJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ARSJPY
The long term trend has been DOWN since Dec 26th, 2017 at 6.24480
The intermediate term trend has been DOWN since Jul 24th, 2019 at 2.52375
The short term trend has been DOWN since Sep 15th, 2019 at 1.91495
Smart Scan Analysis for ARSJPY
Based on a pre-defined weighted trend formula for chart analysis, ARSJPY scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).