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Forex Trend Analysis Report

Prepared for you on Monday, February 19, 2018.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_USDCVE
Open High Low USDCVE Price Change
89.917 89.917 89.917 89.917 0.000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long term trend has been DOWN since Mar 27th, 2017 at 101.7165

intermediate term up The intermediate term trend has been UP since Feb 11th, 2018 at 89.3880

short term up The short term trend has been UP since Feb 11th, 2018 at 89.3880

Smart Scan Analysis for USDCVE

Based on a pre-defined weighted trend formula for chart analysis, USDCVE scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
89.917 89.917 89.917 89.917 0.000
Prev. Close Volume Bid Ask Time
88.750 89.917 89.917 2018-02-11 21:34:51
Want to analyze US Dollar/Cape Verdean Escudo USDCVE or another symbol? Try our Free Forex Trend Analysis Report.