Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Australian Dollar/Argentine Peso (FOREX:AUDARS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 Dec 26th, 2017 at 13.9490
The intermediate term trend has been DOWN since Jun 12th, 2019 at 30.5815
The short term trend has been DOWN since Jun 18th, 2019 at 29.9825
Smart Scan Analysis for AUDARS
Based on a pre-defined weighted trend formula for chart analysis, AUDARS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).