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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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been DOWN since Sep 22nd, 2023 at 127.31367
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 128.22928
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).
| 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 |