Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Bull Market Weakness (+75) - GBPCVE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
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MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been UP since Sep 26th, 2024 at 131.25692
The intermediate-term trend has been UP since Aug 26th, 2024 at 129.75406
The short-term trend has been UP since Aug 16th, 2024 at 129.06303
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 131.90382 | 131.90382 | 131.90382 | 131.90382 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 131.90382 | 2024-11-19 07:25:20 |