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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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, CVEUSD 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.

FOREX_CVEUSD
Open High Low CVEUSD Price Change
0.00946221 0.00946221 0.00946221 0.00946221 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CVEUSD

long term down The long-term trend has been DOWN since Nov 19th, 2024 at 0.00981948

intermediate term down The intermediate-term trend has been DOWN since Dec 9th, 2024 at 0.00957793

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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for CVEUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00946221 0.00946221 0.00946221 0.00946221 0.00000000
Prev. Close Volume Bid Ask Time
0.00944225 2024-12-21 08:23:54
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