Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
Argentine Peso/South African Rand (FOREX:ARSZAR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ARSZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.7403250
The intermediate term trend has been DOWN since Oct 13th, 2019 at 0.2584900
The short term trend has been DOWN since Nov 15th, 2019 at 0.2478181
Smart Scan Analysis for ARSZAR
Based on a pre-defined weighted trend formula for chart analysis, ARSZAR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).