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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

Euro/Cape Verdean Escudo (FOREX:EURCVE)

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

Is it time to buy, sell, or avoid EURCVE?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURCVE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURCVE
Open High Low EURCVE Price Change
110.265 110.265 110.265 110.265 0.000
Entry Signal

MarketClub’s Trade Triangles for EURCVE

long term up The long-term trend has been UP since Mar 9th, 2023 at 110.265

intermediate term down The intermediate-term trend has been DOWN since Jun 6th, 2023 at 110.270

short term down The short-term trend has been DOWN since Jun 6th, 2023 at 110.270

Smart Scan Analysis for EURCVE

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

-70
Smart Scan Analysis for EURCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
110.265 110.265 110.265 110.265 0.000
Prev. Close Volume Bid Ask Time
110.265 2024-05-21 21:00:07
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