Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Strong Downtrend (-100) - CVEUSD 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 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 DOWN since Aug 8th, 2021 at 0.01068032
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.01066508
The short-term trend has been DOWN since Oct 25th, 2021 at 0.01055117
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).