Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Costa Rican Colon/British Pound (FOREX:CRCGBP)
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 CRCGBP
The long term trend has been UP since May 1st, 2018 at 0.001290
The intermediate term trend has been UP since Jul 18th, 2018 at 0.001350
The short term trend has been DOWN since Aug 20th, 2018 at 0.001382
Smart Scan Analysis for CRCGBP
Based on a pre-defined weighted trend formula for chart analysis, CRCGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).