Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Swiss Franc/Argentine Peso (FOREX:CHFARS)
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 CHFARS
The long term trend has been UP since Feb 19th, 2019 at 39.220
The intermediate term trend has been UP since Jul 25th, 2019 at 43.707
The short term trend has been UP since Sep 12th, 2019 at 56.723
Smart Scan Analysis for CHFARS
Based on a pre-defined weighted trend formula for chart analysis, CHFARS scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).