Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2019.

Cape Verdean Escudo/Danish Krone (FOREX:CVEDKK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_CVEDKK
Open High Low CVEDKK Price Change
0.0676 0.0676 0.0674 0.0674 -0.0002
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 up The short term trend has been UP since May 15th, 2019 at 0.06775

Smart Scan Analysis for CVEDKK

Based on a pre-defined weighted trend formula for chart analysis, CVEDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for CVEDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0676 0.0676 0.0674 0.0674 -0.0002
Prev. Close Volume Bid Ask Time
0.0676 0.0673 0.0675 2019-05-20 12:57:52
Want to analyze Cape Verdean Escudo/Danish Krone CVEDKK or another symbol? Try our Free Forex Trend Analysis Report.