Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Bear Market Rally (-75) - GBPCVE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCVE as it may be in the beginning of a reversal.
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 DOWN since Mar 4th, 2020 at 128.91365
The intermediate-term trend has been DOWN since May 4th, 2020 at 126.37895
The short-term trend has been UP since May 25th, 2020 at 123.45423
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).