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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
96.3755 96.4500 96.3755 96.4500 +0.0745
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long term trend has been UP since May 1st, 2018 at 91.3000

intermediate term up The intermediate term trend has been UP since Oct 3rd, 2018 at 95.5000

short term up The short term trend has been UP since Oct 18th, 2018 at 96.0745

Smart Scan Analysis for USDCVE

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

+100
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
96.3755 96.4500 96.3755 96.4500 +0.0745
Prev. Close Volume Bid Ask Time
96.3755 96.1000 96.8000 2018-10-22 17:37:46
Want to analyze US Dollar/Cape Verdean Escudo USDCVE or another symbol? Try our Free Forex Trend Analysis Report.