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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

Strong Downtrend (-100) - GBPCVE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCVE continues to fall. Traders should use caution and set stops.

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.

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FOREX_GBPCVE
Open High Low GBPCVE Price Change
127.47399 127.47399 127.47399 127.47399 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term down The long-term trend has been DOWN since Sep 22nd, 2023 at 127.31367

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 128.22928

short term down The short-term trend has been DOWN since Sep 20th, 2023 at 128.34944

Smart Scan Analysis for GBPCVE

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

-100
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
127.47399 127.47399 127.47399 127.47399 0.00000
Prev. Close Volume Bid Ask Time
127.21441 2023-09-30 15:44:15
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