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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been DOWN since Dec 24th, 2023 at 100.52558
The intermediate-term trend has been DOWN since Feb 26th, 2024 at 101.59349
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).
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 |