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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)

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.

FOREX_CVEUSD
Open High Low CVEUSD Price Change
0.00999696 0.00999696 0.00999397 0.00999397 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for CVEUSD

long term up The long term trend has been UP since Dec 29th, 2019 at 0.01012787

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.01007319

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.01007319

Smart Scan Analysis for CVEUSD

Based on a pre-defined weighted trend formula for chart analysis, CVEUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CVEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00999696 0.00999696 0.00999397 0.00999397 -0.00000300
Prev. Close Volume Bid Ask Time
0.00999696 0.00999397 0.00999397 2020-01-27 21:07:26
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