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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.

FOREX_USDCVE
Open High Low USDCVE Price Change
99.0047 99.0047 99.0047 99.0047 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long term trend has been DOWN since Dec 29th, 2019 at 98.73741

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 99.52613

short term down 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).

-100
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.0047 99.0047 99.0047 99.0047 0.0000
Prev. Close Volume Bid Ask Time
99.0047 99.0047 99.0047 2020-01-16 21:12:50
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