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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Sidelines Mode (+55) - GBPCVE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been UP since May 23rd, 2024 at 129.30216
The intermediate-term trend has been UP since Jul 12th, 2024 at 130.94828
The short-term trend has been DOWN since Jul 25th, 2024 at 130.90864
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 130.67902 | 130.67902 | 130.67902 | 130.67902 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 130.67902 | 2024-07-26 14:00:13 |