Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
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 GBPCVE
The long term trend has been UP since Oct 7th, 2018 at 125.10
The intermediate term trend has been UP since Sep 9th, 2018 at 122.94
The short term trend has been DOWN since Oct 21st, 2018 at 125.34
Smart Scan Analysis for GBPCVE
Based on a pre-defined weighted trend formula for chart analysis, GBPCVE scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).