Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
/US Dollar (FOREX:VEFUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 0.10005
The intermediate term trend has been DOWN since May 30th, 2017 at 0.09821
The short term trend has been DOWN since Jul 20th, 2017 at 0.09980
Smart Scan Analysis for VEFUSD
Based on a pre-defined weighted trend formula for chart analysis, VEFUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).