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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
96.8405 96.8405 96.8405 96.8405 0.0000
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 down The intermediate term trend has been DOWN since Dec 20th, 2018 at 96.6575

short term up The short term trend has been UP since Jan 13th, 2019 at 96.0815

Smart Scan Analysis for USDCVE

Based on a pre-defined weighted trend formula for chart analysis, USDCVE scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
96.8405 96.8405 96.8405 96.8405 0.0000
Prev. Close Volume Bid Ask Time
96.8405 96.6750 97.0060 2019-01-17 05:18:01
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