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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

Weak Downtrend (-65) - GBPCVE is showing signs of a strengthening downtrend. Monitor GBPCVE as it may be building momentum to the downside.

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
122.04814 122.04814 121.67642 121.67642 -0.37172
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 down The intermediate-term trend has been DOWN since Dec 2nd, 2020 at 122.27009

short term down The short-term trend has been DOWN since Dec 1st, 2020 at 123.09109

Smart Scan Analysis for GBPCVE

Based on our trend formula, GBPCVE is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
122.04814 122.04814 121.67642 121.67642 -0.37172
Prev. Close Volume Bid Ask Time
122.14413 2020-12-02 21:02:55
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