Forex Trend Analysis Report
Prepared for you on Monday, October 22, 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 negative trend to resume. Downtrend 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 DOWN since Oct 9th, 2018 at 0.001300
The intermediate term trend has been DOWN since Oct 9th, 2018 at 0.001300
The short term trend has been UP since Oct 18th, 2018 at 0.001286
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).