Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 USDCVE
The long term trend has been UP since May 1st, 2018 at 91.3000
The intermediate term trend has been DOWN since Mar 20th, 2019 at 96.8055
The short term trend has been DOWN since Mar 12th, 2019 at 97.7505
Smart Scan Analysis for USDCVE
Based on a pre-defined weighted trend formula for chart analysis, USDCVE scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).