Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
/US Dollar (FOREX:VEFUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
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 DOWN since Apr 11th, 2017 at 0.100100
The short term trend has been UP since May 25th, 2017 at 0.100135
Smart Scan Analysis for VEFUSD
Based on a pre-defined weighted trend formula for chart analysis, VEFUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).