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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.

FOREX_CVEGBP
Open High Low CVEGBP Price Change
0.00753245 0.00753245 0.00753245 0.00753245 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term down The long term trend has been DOWN since Sep 17th, 2019 at 0.00803600

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2020 at 0.00768812

short term down 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).

-100
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00753245 0.00753245 0.00753245 0.00753245 0.00000000
Prev. Close Volume Bid Ask Time
0.00753245 0.00753245 0.00753245 2020-02-13 21:03:25
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