Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

Weak Uptrend (+65) - GBPCVE is showing signs of weakening momentum to the upside. Monitor GBPCVE as it may be in the beginning stages 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.

FOREX_GBPCVE
Open High Low GBPCVE Price Change
130.22912 130.62252 130.22912 130.62252 +0.39340
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term up The long-term trend has been UP since Nov 11th, 2020 at 123.23072

intermediate term up The intermediate-term trend has been UP since Oct 6th, 2021 at 129.51782

short term down The short-term trend has been DOWN since Oct 23rd, 2021 at 130.39776

Smart Scan Analysis for GBPCVE

Based on our trend formula, GBPCVE is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
130.22912 130.62252 130.22912 130.62252 +0.39340
Prev. Close Volume Bid Ask Time
130.22912 2021-10-23 18:50:31
Get a free daily analysis and signals for British Pound/Cape Verdean Escudo (GBPCVE) - Request Your Free Report.