Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Weak Uptrend (+65) - CVEUSD is showing signs of weakening momentum to the upside. Monitor CVEUSD as it may be in the beginning stages of a reversal.
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 Nov 8th, 2020 at 0.01074307
The short-term trend has been DOWN since Nov 23rd, 2020 at 0.01074035
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).