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.
MarketClub’s Trade Triangles for VEFUSD
The long term trend has been DOWN since Apr 11th, 2017 at 0.100050
The intermediate term trend has been UP since Aug 23rd, 2017 at 0.100140
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).