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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Sidelines Mode (+55) - GBPCVE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPCVE?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCVE.
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 GBPCVE
The long-term trend has been UP since Jan 26th, 2024 at 128.90084
The intermediate-term trend has been UP since Apr 29th, 2024 at 128.97773
The short-term trend has been DOWN since May 2nd, 2024 at 128.97321
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 128.16892 | 128.16892 | 128.16892 | 128.16892 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 128.16892 | 2024-05-08 07:26:31 |