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Forex Trend Analysis Report

Prepared for you on Friday, August 17, 2018.

Cape Verdean Escudo/Danish Krone (FOREX:CVEDKK)

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.

FOREX_CVEDKK
Open High Low CVEDKK Price Change
0.06720 0.06730 0.06705 0.06730 +0.00010
Entry Signal

MarketClub’s Trade Triangles for CVEDKK

long term up The long term trend has been UP since Feb 20th, 2018 at 0.0679

intermediate term down The intermediate term trend has been DOWN since Aug 13th, 2018 at 0.0672

short term down The short term trend has been DOWN since Aug 13th, 2018 at 0.0673

Smart Scan Analysis for CVEDKK

Based on a pre-defined weighted trend formula for chart analysis, CVEDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CVEDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06720 0.06730 0.06705 0.06730 +0.00010
Prev. Close Volume Bid Ask Time
0.06720 0.06700 0.06760 2018-08-17 14:01:00
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