Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
/US Dollar (FOREX:VEFUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Feb 20th, 2018 at 0.090110
The intermediate term trend has been DOWN since Jan 26th, 2018 at 0.096155
The short term trend has been DOWN since Feb 20th, 2018 at 0.097925
Smart Scan Analysis for VEFUSD
Based on a pre-defined weighted trend formula for chart analysis, VEFUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).