Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Cape Verdean Escudo/Danish Krone (FOREX:CVEDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Feb 20th, 2018 at 0.0679
The intermediate term trend has been UP since Oct 18th, 2018 at 0.0680
The short term trend has been DOWN since Oct 19th, 2018 at 0.0674
Smart Scan Analysis for CVEDKK
Based on a pre-defined weighted trend formula for chart analysis, CVEDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).