Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Costa Rican Colon/US Dollar (FOREX:CRCUSD)
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 CRCUSD
The long term trend has been DOWN since Aug 31st, 2018 at 0.001750
The intermediate term trend has been UP since Sep 30th, 2018 at 0.001730
The short term trend has been DOWN since Oct 3rd, 2018 at 0.001723
Smart Scan Analysis for CRCUSD
Based on a pre-defined weighted trend formula for chart analysis, CRCUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).