Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
Costa Rican Colon/US Dollar (FOREX:CRCUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for CRCUSD
The long term trend has been UP since Apr 23rd, 2019 at 0.001673
The intermediate term trend has been UP since Apr 23rd, 2019 at 0.001673
The short term trend has been UP since Jul 15th, 2019 at 0.001719
Smart Scan Analysis for CRCUSD
Based on a pre-defined weighted trend formula for chart analysis, CRCUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).