Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 UP since Sep 13th, 2019 at 0.010057
The short term trend has been UP since Sep 13th, 2019 at 0.010025
Smart Scan Analysis for CVEUSD
Based on a pre-defined weighted trend formula for chart analysis, CVEUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).