Forex Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Countertrend Up (+85) - CVEGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 May 26th, 2022 at 0.00766503
The intermediate-term trend has been UP since Jun 2nd, 2022 at 0.00770557
The short-term trend has been UP since May 26th, 2022 at 0.00761842
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).