Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Euro/Cape Verdean Escudo (FOREX:EURCVE)
Strong Downtrend (-100) - EURCVE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURCVE continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 13th, 2019 at 110.27
The intermediate-term trend has been DOWN since Oct 13th, 2019 at 110.27
The short-term trend has been DOWN since Oct 13th, 2019 at 110.27
Smart Scan Analysis for EURCVE
Based on our trend formula, EURCVE is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).