Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
US Dollar/Cuban Peso (FOREX:USDCUP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 USDCUP
The long term trend has been DOWN since Jun 23rd, 2019 at 0.993680
The intermediate term trend has been DOWN since Jun 23rd, 2019 at 0.994250
The short term trend has been UP since Jul 16th, 2019 at 1.000315
Smart Scan Analysis for USDCUP
Based on a pre-defined weighted trend formula for chart analysis, USDCUP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).