Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
/US Dollar (FOREX:VEFUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Nov 16th, 2017 at 0.10015
The intermediate term trend has been UP since Nov 16th, 2017 at 0.10015
The short term trend has been DOWN since Nov 16th, 2017 at 0.09827
Smart Scan Analysis for VEFUSD
Based on a pre-defined weighted trend formula for chart analysis, VEFUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).