Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Crossroads (-60) - CVEUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Mar 10th, 2020 at 0.01015626
The intermediate-term trend has been DOWN since Apr 1st, 2020 at 0.01020206
The short-term trend has been DOWN since Apr 1st, 2020 at 0.01020206
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).