Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
US Dollar/Cuban Peso (FOREX:USDCUP)
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 USDCUP
The long term trend has been UP since May 1st, 2018 at 1.00157
The intermediate term trend has been UP since May 1st, 2018 at 1.00095
The short term trend has been UP since May 15th, 2018 at 1.00035
Smart Scan Analysis for USDCUP
Based on a pre-defined weighted trend formula for chart analysis, USDCUP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).