Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Argentine Peso/South African Rand (FOREX:ARSZAR)
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 ARSZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.740325
The intermediate term trend has been UP since May 28th, 2019 at 0.326630
The short term trend has been DOWN since Jun 17th, 2019 at 0.336370
Smart Scan Analysis for ARSZAR
Based on a pre-defined weighted trend formula for chart analysis, ARSZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).