Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Strong Uptrend (+100) - CVEUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CVEUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CVEUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVEUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CVEUSD
The long-term trend has been UP since Jun 5th, 2020 at 0.01026999
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.01099950
The short-term trend has been UP since Feb 22nd, 2021 at 0.01099950
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).