Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
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 GBPCVE
The long term trend has been UP since Apr 15th, 2018 at 125.46
The intermediate term trend has been UP since May 20th, 2018 at 125.92
The short term trend has been UP since May 15th, 2018 at 125.67
Smart Scan Analysis for GBPCVE
Based on a pre-defined weighted trend formula for chart analysis, GBPCVE scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).