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.
MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been UP since Aug 1st, 2022 at 131.50347
The intermediate-term trend has been DOWN since Aug 8th, 2022 at 131.50347
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).