Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Weak Downtrend (-65) - CVEGBP is showing signs of a strengthening downtrend. Monitor CVEGBP as it may be building momentum to the downside.
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 Sep 22nd, 2023 at 0.00785462
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.00787222
The short-term trend has been DOWN since Nov 21st, 2023 at 0.00789743
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).