Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Cape Verdean Escudo/Euro (FOREX:CVEEUR)
Crossroads (-60) - CVEEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CVEEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVEEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CVEEUR
The long-term trend has been DOWN since Mar 9th, 2023 at 0.00906906
The intermediate-term trend has been UP since Jun 6th, 2023 at 0.00906865
The short-term trend has been UP since Jun 6th, 2023 at 0.00906865
Smart Scan Analysis for CVEEUR
Based on our trend formula, CVEEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).