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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Sidelines Mode (+55) - USDCVE 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 USDCVE?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCVE.
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 USDCVE
The long-term trend has been UP since Apr 14th, 2024 at 103.22500
The intermediate-term trend has been UP since Mar 28th, 2024 at 102.05000
The short-term trend has been DOWN since May 7th, 2024 at 102.45296
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 102.60407 | 102.80000 | 102.60407 | 102.80000 | +0.19593 |
| Prev. Close | Volume | Bid | Ask | Time |
| 102.60407 | 2024-05-08 13:04:34 |