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.
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 DOWN since Aug 13th, 2018 at 0.0672
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).