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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Cape Verdean Escudo/British Pound (FOREX:CVEGBP)

Countertrend Down (-85) - CVEGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_CVEGBP
Open High Low CVEGBP Price Change
0.00775904 0.00775904 0.00774521 0.00774521 -0.00001400
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term down The long-term trend has been DOWN since Jan 26th, 2024 at 0.00775790

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.00775341

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.00775178

Smart Scan Analysis for CVEGBP

Based on our trend formula, CVEGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00775904 0.00775904 0.00774521 0.00774521 -0.00001400
Prev. Close Volume Bid Ask Time
0.00775904 2024-03-18 15:33:28
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