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.
MarketClub’s Trade Triangles for CVEUSD
The long term trend has been DOWN since May 1st, 2018 at 0.010990
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.010483
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).