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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)

Weak Downtrend (-65) - CVEUSD is showing signs of a strengthening downtrend. Monitor CVEUSD as it may be building momentum to the downside.

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.

FOREX_CVEUSD
Open High Low CVEUSD Price Change
0.0099601 0.0099601 0.0099601 0.0099601 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CVEUSD

long term up The long-term trend has been UP since Jul 14th, 2024 at 0.00987848

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2024 at 0.01004399

short term down The short-term trend has been DOWN since Oct 1st, 2024 at 0.01008094

Smart Scan Analysis for CVEUSD

Based on our trend formula, CVEUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CVEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0099601 0.0099601 0.0099601 0.0099601 0.0000000
Prev. Close Volume Bid Ask Time
0.0099601 2024-10-05 07:23:01
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