Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Argentine Peso/US Dollar (FOREX:ARSUSD)
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 ARSUSD
The long term trend has been DOWN since May 18th, 2017 at 0.062865
The intermediate term trend has been DOWN since Feb 7th, 2019 at 0.026357
The short term trend has been UP since May 21st, 2019 at 0.022353
Smart Scan Analysis for ARSUSD
Based on a pre-defined weighted trend formula for chart analysis, ARSUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).