Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
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 USDCRC
The long term trend has been DOWN since Jul 22nd, 2018 at 563.835
The intermediate term trend has been UP since Jul 24th, 2018 at 568.180
The short term trend has been DOWN since Aug 13th, 2018 at 566.710
Smart Scan Analysis for USDCRC
Based on a pre-defined weighted trend formula for chart analysis, USDCRC scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).