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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.

FOREX_CVEGBP
Open High Low CVEGBP Price Change
0.00809881 0.00809881 0.00809881 0.00809881 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEGBP

long term up The long-term trend has been UP since Mar 4th, 2020 at 0.00775713

intermediate term up The intermediate-term trend has been UP since May 4th, 2020 at 0.00791271

short term down 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).

+55
Smart Scan Analysis for CVEGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00809881 0.00809881 0.00809881 0.00809881 0.00000000
Prev. Close Volume Bid Ask Time
0.00818632 0.00809881 0.00809881 2020-05-25 21:04:33
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