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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2017.

/US Dollar (FOREX:VEFUSD)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_VEFUSD
Open High Low VEFUSD Price Change
0.100035 0.100035 0.099305 0.099305 -0.000730
Entry Signal

MarketClub’s Trade Triangles for VEFUSD

long term down The long term trend has been DOWN since Apr 11th, 2017 at 0.100050

intermediate term up The intermediate term trend has been UP since Aug 23rd, 2017 at 0.100140

short term up The short term trend has been UP since Sep 21st, 2017 at 0.100145

Smart Scan Analysis for VEFUSD

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

+60
Smart Scan Analysis for VEFUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.100035 0.100035 0.099305 0.099305 -0.000730
Prev. Close Volume Bid Ask Time
0.100035 0.099270 0.099340 2017-09-22 14:26:06
Want to analyze /US Dollar VEFUSD or another symbol? Try our Free Forex Trend Analysis Report.