Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Cuban Peso/US Dollar (FOREX:CUPUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CUPUSD
The long term trend has been UP since Feb 3rd, 2017 at 1.005365
The intermediate term trend has been DOWN since Apr 19th, 2017 at 1.000900
The short term trend has been DOWN since Apr 19th, 2017 at 1.000900
Smart Scan Analysis for CUPUSD
Based on a pre-defined weighted trend formula for chart analysis, CUPUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).