Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Sidelines Mode (+50) - CVEUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CVEUSD can gain 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 DOWN since Sep 22nd, 2023 at 0.00969522
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.00960677
The short-term trend has been UP since Nov 14th, 2023 at 0.00971795
Smart Scan Analysis for CVEUSD
Based on our trend formula, CVEUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).