Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
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.
MarketClub’s Trade Triangles for CVEUSD
The long term trend has been DOWN since May 1st, 2018 at 0.010990
The intermediate term trend has been DOWN since Feb 10th, 2019 at 0.010306
The short term trend has been UP since Feb 19th, 2019 at 0.010250
Smart Scan Analysis for CVEUSD
Based on a pre-defined weighted trend formula for chart analysis, CVEUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).