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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Bear Market Rally (-75) - CVEUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CVEUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CVEUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVEUSD.
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 CVEUSD
The long-term trend has been DOWN since Apr 14th, 2024 at 0.00971083
The intermediate-term trend has been UP since May 5th, 2024 at 0.00973242
The short-term trend has been DOWN since May 8th, 2024 at 0.00974752
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0097462 | 0.0097462 | 0.0097462 | 0.0097462 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0097462 | 2024-05-08 07:26:31 |