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.
MarketClub’s Trade Triangles for USDCVE
The long term trend has been DOWN since Mar 27th, 2017 at 101.7165
The intermediate term trend has been UP since Feb 11th, 2018 at 89.3880
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).