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.
MarketClub’s Trade Triangles for CVEDKK
The long term trend has been DOWN since Nov 29th, 2018 at 0.06685
The intermediate term trend has been DOWN since Apr 8th, 2019 at 0.06725
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).