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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.

FOREX_GBPCVE
Open High Low GBPCVE Price Change
123.79 123.79 123.79 123.79 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term down The long term trend has been DOWN since Dec 11th, 2018 at 122.40

intermediate term up The intermediate term trend has been UP since Jan 13th, 2019 at 123.09

short term up 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).

+50
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
123.79 123.79 123.79 123.79 0.00
Prev. Close Volume Bid Ask Time
123.79 123.79 123.79 2019-01-14 20:58:44
Want to analyze British Pound/Cape Verdean Escudo GBPCVE or another symbol? Try our Free Forex Trend Analysis Report.