Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Cuban Peso/US Dollar (FOREX:CUPUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Oct 16th, 2017 at 1.000920
The short term trend has been DOWN since Sep 22nd, 2017 at 0.999945
Smart Scan Analysis for CUPUSD
Based on a pre-defined weighted trend formula for chart analysis, CUPUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).