Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDCVE
The long term trend has been DOWN since Dec 29th, 2019 at 98.73741
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 99.52613
The short term trend has been DOWN since Jan 16th, 2020 at 99.15917
Smart Scan Analysis for USDCVE
Based on a pre-defined weighted trend formula for chart analysis, USDCVE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).