Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
US Dollar/Costa Rican Colon (FOREX:USDCRC)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 USDCRC
The long term trend has been UP since Aug 31st, 2018 at 571.115
The intermediate term trend has been UP since Oct 18th, 2018 at 586.355
The short term trend has been UP since Oct 3rd, 2018 at 580.660
Smart Scan Analysis for USDCRC
Based on a pre-defined weighted trend formula for chart analysis, USDCRC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).