Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
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.
MarketClub’s Trade Triangles for EURCVE
The long-term trend has been UP since Mar 9th, 2023 at 110.265
The intermediate-term trend has been DOWN since Jun 6th, 2023 at 110.270
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).