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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2019.

Cape Verdean Escudo/Danish Krone (FOREX:CVEDKK)

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_CVEDKK
Open High Low CVEDKK Price Change
0.06770 0.06775 0.06735 0.06745 -0.00025
Entry Signal

MarketClub’s Trade Triangles for CVEDKK

long term down The long term trend has been DOWN since Nov 29th, 2018 at 0.06685

intermediate term down The intermediate term trend has been DOWN since Apr 8th, 2019 at 0.06725

short term down The short term trend has been DOWN since May 23rd, 2019 at 0.06735

Smart Scan Analysis for CVEDKK

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

-100
Smart Scan Analysis for CVEDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06770 0.06775 0.06735 0.06745 -0.00025
Prev. Close Volume Bid Ask Time
0.06770 0.06730 0.06760 2019-05-24 11:47:14
Want to analyze Cape Verdean Escudo/Danish Krone CVEDKK or another symbol? Try our Free Forex Trend Analysis Report.