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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Countertrend Up (+85) - CVEUSD 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 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.
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MarketClub’s Trade Triangles for CVEUSD
The long-term trend has been UP since Jul 14th, 2024 at 0.00987848
The intermediate-term trend has been UP since Jul 4th, 2024 at 0.00980610
The short-term trend has been DOWN since Jul 21st, 2024 at 0.00988292
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00985036 | 0.00985036 | 0.00985036 | 0.00985036 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00985036 | 2024-07-26 14:00:13 |