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.
MarketClub’s Trade Triangles for CVEDKK
The long term trend has been DOWN since Nov 29th, 2018 at 0.06685
The intermediate term trend has been DOWN since Nov 29th, 2018 at 0.06720
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).