Forex Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Crossroads (-60) - GBPCVE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 11th, 2020 at 123.23072
The intermediate-term trend has been DOWN since Apr 7th, 2021 at 128.02011
The short-term trend has been DOWN since Apr 6th, 2021 at 129.60536
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).