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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

US Dollar/Costa Rican Colon (FOREX:USDCRC)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_USDCRC
Open High Low USDCRC Price Change
563.96810 563.96810 563.96810 563.96810 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDCRC

long term down The long term trend has been DOWN since Nov 28th, 2019 at 564.46000

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 566.15866

short term down The short term trend has been DOWN since Jan 20th, 2020 at 571.31295

Smart Scan Analysis for USDCRC

Based on a pre-defined weighted trend formula for chart analysis, USDCRC scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDCRC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
563.96810 563.96810 563.96810 563.96810 0.00000
Prev. Close Volume Bid Ask Time
564.23122 551.35379 576.58242 2020-01-20 02:17:01
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