Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
Cuban Peso/US Dollar (FOREX:CUPUSD)
Sidelines Mode (+55) - CUPUSD 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 CUPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CUPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CUPUSD
The long-term trend has been UP since Apr 24th, 2023 at 0.04175655
The intermediate-term trend has been UP since Jun 5th, 2023 at 0.04168236
The short-term trend has been DOWN since Jun 6th, 2023 at 0.04166118
Smart Scan Analysis for CUPUSD
Based on our trend formula, CUPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).