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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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_USDCVE
Open High Low USDCVE Price Change
99.7945 100.1555 99.7945 99.8525 +0.0580
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long term trend has been UP since May 1st, 2018 at 91.3000

intermediate term up The intermediate term trend has been UP since Aug 30th, 2019 at 99.7455

short term up The short term trend has been UP since Sep 16th, 2019 at 100.0795

Smart Scan Analysis for USDCVE

Based on a pre-defined weighted trend formula for chart analysis, USDCVE scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.7945 100.1555 99.7945 99.8525 +0.0580
Prev. Close Volume Bid Ask Time
99.7945 99.4450 100.2600 2019-09-20 12:45:29
Want to analyze US Dollar/Cape Verdean Escudo USDCVE or another symbol? Try our Free Forex Trend Analysis Report.