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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
122.94 122.94 122.94 122.94 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term down The long term trend has been DOWN since Jul 2nd, 2018 at 124.66

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2018 at 125.23

short term down The short term trend has been DOWN since Aug 8th, 2018 at 123.75

Smart Scan Analysis for GBPCVE

Based on a pre-defined weighted trend formula for chart analysis, GBPCVE scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
122.94 122.94 122.94 122.94 0.00
Prev. Close Volume Bid Ask Time
122.94 122.94 122.94 2018-08-21 21:24:07
Want to analyze British Pound/Cape Verdean Escudo GBPCVE or another symbol? Try our Free Forex Trend Analysis Report.