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.
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 UP since Oct 6th, 2021 at 129.51782
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).