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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Cape Verdean Escudo/British Pound (FOREX:CVEGBP)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

FOREX_CVEGBP
Open High Low CVEGBP Price Change
0.00766517 0.00766517 0.00766517 0.00766517 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term down The long term trend has been DOWN since Sep 17th, 2019 at 0.00803600

intermediate term down The intermediate term trend has been DOWN since Jan 22nd, 2020 at 0.00768812

short term up The short term trend has been UP since Jan 29th, 2020 at 0.00765787

Smart Scan Analysis for CVEGBP

Based on a pre-defined weighted trend formula for chart analysis, CVEGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00766517 0.00766517 0.00766517 0.00766517 0.00000000
Prev. Close Volume Bid Ask Time
0.00766517 0.00766517 0.00766517 2020-01-29 07:19:21
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