Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for CVEGBP
The long-term trend has been UP since Mar 4th, 2020 at 0.00775713
The intermediate-term trend has been UP since May 4th, 2020 at 0.00791271
The short-term trend has been DOWN since May 25th, 2020 at 0.00810017
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).