Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Bear Market Rally (-75) - USDCVE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDCVE as it may be in the beginning of a reversal.

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
101.13411 101.85000 101.13411 101.41875 +0.28464
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long-term trend has been DOWN since Dec 24th, 2023 at 100.52558

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 101.59349

short term up The short-term trend has been UP since Mar 18th, 2024 at 101.40000

Smart Scan Analysis for USDCVE

Based on our trend formula, USDCVE is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.13411 101.85000 101.13411 101.41875 +0.28464
Prev. Close Volume Bid Ask Time
101.13411 2024-03-18 15:33:28
Get a free daily analysis and signals for US Dollar/Cape Verdean Escudo (USDCVE) - Request Your Free Report.