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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Crossroads (-60) - GBPCVE is struggling to move into a solid trend. Beware of choppy markets 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.
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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 DOWN since Dec 21st, 2024 at 132.92146
The short-term trend has been DOWN since Dec 21st, 2024 at 132.92146
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 132.69272 | 132.69272 | 132.69272 | 132.69272 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 135.13696 | 2024-12-21 08:23:54 |