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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Bear Market Rally (-75) - CVEGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CVEGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CVEGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVEGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CVEGBP
The long-term trend has been DOWN since Jan 26th, 2024 at 0.00775790
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.00775328
The short-term trend has been UP since May 2nd, 2024 at 0.00775355
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0078022 | 0.0078022 | 0.0078022 | 0.0078022 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0078022 | 2024-05-08 07:26:31 |