Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Dec 11th, 2018 at 122.40
The intermediate term trend has been UP since Jan 13th, 2019 at 123.09
The short term trend has been UP since Jan 13th, 2019 at 123.09
Smart Scan Analysis for GBPCVE
Based on a pre-defined weighted trend formula for chart analysis, GBPCVE scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).