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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Cape Verdean Escudo/US Dollar (FOREX:CVEUSD)
Long-Term Downtrend (-90) - CVEUSD is in a strong downtrend that is likely to continue. While CVEUSD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for CVEUSD
The long-term trend has been DOWN since Nov 19th, 2024 at 0.00981948
The intermediate-term trend has been DOWN since Oct 1st, 2024 at 0.01004399
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 -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00957793 | 0.00957793 | 0.00957793 | 0.00957793 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00957793 | 2024-11-19 07:25:20 |