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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Cape Verdean Escudo/British Pound (FOREX:CVEGBP)

Bear Market Rally (-75) - CVEGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CVEGBP as it may be in the beginning of a reversal.

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
0.00763361 0.00763361 0.00763361 0.00763361 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term down The long-term trend has been DOWN since May 23rd, 2024 at 0.00773382

intermediate term down The intermediate-term trend has been DOWN since Jul 12th, 2024 at 0.00763660

short term up The short-term trend has been UP since Jul 17th, 2024 at 0.00762572

Smart Scan Analysis for CVEGBP

Based on our trend formula, CVEGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00763361 0.00763361 0.00763361 0.00763361 0.00000000
Prev. Close Volume Bid Ask Time
0.00764023 2024-07-18 07:26:19
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