Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

Cape Verdean Escudo/Danish Krone (FOREX:CVEDKK)

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.

FOREX_CVEDKK
Open High Low CVEDKK Price Change
0.06765 0.06775 0.06730 0.06755 -0.00010
Entry Signal

MarketClub’s Trade Triangles for CVEDKK

long term down The long term trend has been DOWN since Nov 29th, 2018 at 0.06685

intermediate term down The intermediate term trend has been DOWN since Nov 29th, 2018 at 0.06720

short term down The short term trend has been DOWN since Nov 29th, 2018 at 0.06735

Smart Scan Analysis for CVEDKK

Based on a pre-defined weighted trend formula for chart analysis, CVEDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CVEDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06765 0.06775 0.06730 0.06755 -0.00010
Prev. Close Volume Bid Ask Time
0.06765 0.06740 0.06770 2018-12-10 12:47:21
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