Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Australian Dollar/Argentine Peso (FOREX:AUDARS)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 AUDARS
The long term trend has been UP since Dec 26th, 2017 at 13.9490
The intermediate term trend has been DOWN since Apr 22nd, 2019 at 29.6615
The short term trend has been DOWN since Apr 23rd, 2019 at 29.6590
Smart Scan Analysis for AUDARS
Based on a pre-defined weighted trend formula for chart analysis, AUDARS scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).