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Forex Trend Analysis Report

Prepared for you on Friday, August 12, 2022.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

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

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

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

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

FOREX_GBPCVE
Open High Low GBPCVE Price Change
130.30992 130.30992 130.30992 130.30992 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term up The long-term trend has been UP since Aug 1st, 2022 at 131.50347

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2022 at 131.50347

short term down The short-term trend has been DOWN since Aug 10th, 2022 at 130.85892

Smart Scan Analysis for GBPCVE

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

-70
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
130.30992 130.30992 130.30992 130.30992 0.00000
Prev. Close Volume Bid Ask Time
130.30992 2022-08-10 07:20:29
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