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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Cuban Peso (FOREX:USDCUP)
Countertrend Up (+85) - USDCUP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDCUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCUP.
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 USDCUP
The long-term trend has been UP since Apr 10th, 2024 at 24.148361
The intermediate-term trend has been UP since Apr 10th, 2024 at 24.074747
The short-term trend has been UP since May 7th, 2024 at 24.005152
Smart Scan Analysis for USDCUP
Based on our trend formula, USDCUP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.004690 | 24.012957 | 24.004690 | 24.012957 | +0.008267 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.004690 | 2024-05-08 21:02:47 |