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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Cape Verdean Escudo/British Pound (FOREX:CVEGBP)

Long-Term Downtrend (-90) - CVEGBP is in a strong downtrend that is likely to continue. While CVEGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
0.00766884 0.00766884 0.00766884 0.00766884 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term down The long-term trend has been DOWN since Nov 11th, 2020 at 0.00811486

intermediate term down The intermediate-term trend has been DOWN since Oct 6th, 2021 at 0.00772095

short term down The short-term trend has been DOWN since Oct 6th, 2021 at 0.00776099

Smart Scan Analysis for CVEGBP

Based on our trend formula, CVEGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00766884 0.00766884 0.00766884 0.00766884 0.00000000
Prev. Close Volume Bid Ask Time
0.00766884 2021-10-20 07:19:48
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