Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Costa Rican Colon/British Pound (FOREX:CRCGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.
MarketClub’s Trade Triangles for CRCGBP
The long term trend has been UP since May 14th, 2019 at 0.001302
The intermediate term trend has been DOWN since Oct 11th, 2019 at 0.001372
The short term trend has been DOWN since Oct 11th, 2019 at 0.001394
Smart Scan Analysis for CRCGBP
Based on a pre-defined weighted trend formula for chart analysis, CRCGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).