Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
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 CVEGBP
The long term trend has been DOWN since Sep 17th, 2019 at 0.00803600
The intermediate term trend has been DOWN since Jan 22nd, 2020 at 0.00768812
The short term trend has been DOWN since Feb 11th, 2020 at 0.00767918
Smart Scan Analysis for CVEGBP
Based on a pre-defined weighted trend formula for chart analysis, CVEGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).