Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Apr 27th, 2017 at 0.00978
The intermediate term trend has been UP since Apr 19th, 2017 at 0.00968
The short term trend has been UP since Jan 20th, 2017 at 0.00957
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).