Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Long-Term Uptrend (+90) - GBPCVE is in a strong uptrend that is likely to continue. While GBPCVE is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been UP since Nov 11th, 2020 at 123.23072
The intermediate-term trend has been UP since Jan 13th, 2021 at 122.68161
The short-term trend has been UP since Jan 27th, 2021 at 124.56929
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).