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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Sidelines Mode (-55) - CVEGBP 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 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.
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MarketClub’s Trade Triangles for CVEGBP
The long-term trend has been UP since Apr 8th, 2025 at 0.00766381
The intermediate-term trend has been DOWN since Apr 28th, 2025 at 0.00773355
The short-term trend has been UP since May 7th, 2025 at 0.00770993
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00771827 | 0.00771827 | 0.00771827 | 0.00771827 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00769070 | 2025-05-07 07:25:21 |