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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.

FOREX_USDCVE
Open High Low USDCVE Price Change
97.2025 97.3250 96.9710 96.9710 -0.2315
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 down The intermediate term trend has been DOWN since Mar 20th, 2019 at 96.8055

short term down 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).

-60
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
97.2025 97.3250 96.9710 96.9710 -0.2315
Prev. Close Volume Bid Ask Time
97.3 96.9710 96.9710 2019-03-21 22:06:08
Want to analyze US Dollar/Cape Verdean Escudo USDCVE or another symbol? Try our Free Forex Trend Analysis Report.