Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
Argentine Peso/Mexican Peso (FOREX:ARSMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ARSMXN
The long term trend has been UP since Jul 9th, 2019 at 0.458360
The intermediate term trend has been UP since May 28th, 2019 at 0.429450
The short term trend has been DOWN since Jul 14th, 2019 at 0.455745
Smart Scan Analysis for ARSMXN
Based on a pre-defined weighted trend formula for chart analysis, ARSMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).