Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Strong Downtrend (-100) - CVEGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for CVEGBP
The long-term trend has been DOWN since Nov 11th, 2020 at 0.00811486
The intermediate-term trend has been DOWN since Jan 13th, 2021 at 0.00815118
The short-term trend has been DOWN since Dec 24th, 2020 at 0.00824056
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).