Forex Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
Argentine Peso/Peruvian Nuevo Sol (FOREX:ARSPEN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ARSPEN
The long term trend has been DOWN since Dec 21st, 2017 at 0.182340
The intermediate term trend has been UP since Apr 15th, 2019 at 0.079375
The short term trend has been UP since Apr 10th, 2019 at 0.075630
Smart Scan Analysis for ARSPEN
Based on a pre-defined weighted trend formula for chart analysis, ARSPEN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).