Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 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.

FOREX_GBPCVE
Open High Low GBPCVE Price Change
128.69323 128.69323 128.69323 128.69323 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term up The long-term trend has been UP since Jan 26th, 2024 at 128.90084

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 128.88201

short term up The short-term trend has been UP since Apr 14th, 2024 at 128.73680

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).

-55
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.69323 128.69323 128.69323 128.69323 0.00000
Prev. Close Volume Bid Ask Time
128.69323 2024-04-17 21:01:47
Get a free daily analysis and signals for British Pound/Cape Verdean Escudo (GBPCVE) - Request Your Free Report.