Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Costa Rican Colon/British Pound (FOREX:CRCGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 CRCGBP
The long term trend has been DOWN since Oct 9th, 2018 at 0.001300
The intermediate term trend has been DOWN since Dec 30th, 2018 at 0.001308
The short term trend has been UP since Jan 15th, 2019 at 0.001295
Smart Scan Analysis for CRCGBP
Based on a pre-defined weighted trend formula for chart analysis, CRCGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).