Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
British Pound/Argentine Peso (FOREX:GBPARS)
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 GBPARS
The long term trend has been UP since May 9th, 2017 at 20.1110
The intermediate term trend has been UP since Jan 17th, 2019 at 49.0515
The short term trend has been DOWN since Mar 15th, 2019 at 53.6705
Smart Scan Analysis for GBPARS
Based on a pre-defined weighted trend formula for chart analysis, GBPARS scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).