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Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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_CVEUSD
Open High Low CVEUSD Price Change
0.010302 0.010302 0.010302 0.010302 0.000000
Entry Signal

MarketClub’s Trade Triangles for CVEUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.010990

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.010483

short term down The short term trend has been DOWN since Dec 11th, 2018 at 0.010283

Smart Scan Analysis for CVEUSD

Based on a pre-defined weighted trend formula for chart analysis, CVEUSD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for CVEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.010302 0.010302 0.010302 0.010302 0.000000
Prev. Close Volume Bid Ask Time
0.010302 0.010302 0.010302 2018-12-13 20:57:16
Want to analyze Cape Verdean Escudo/US Dollar CVEUSD or another symbol? Try our Free Forex Trend Analysis Report.