Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Australian Dollar/Argentine Peso (FOREX:AUDARS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 AUDARS
The long term trend has been UP since Aug 12th, 2019 at 31.905000
The intermediate term trend has been UP since Jul 25th, 2019 at 30.043500
The short term trend has been DOWN since Dec 10th, 2019 at 40.861786
Smart Scan Analysis for AUDARS
Based on a pre-defined weighted trend formula for chart analysis, AUDARS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).