Forex Trend Analysis Report
Prepared for you on Wednesday, August 10, 2022.
US Dollar/Cuban Peso (FOREX:USDCUP)
Bull Market Weakness (+75) - USDCUP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDCUP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDCUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCUP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCUP
The long-term trend has been UP since Aug 7th, 2022 at 24.063834
The intermediate-term trend has been UP since Jul 18th, 2022 at 24.004066
The short-term trend has been UP since Jul 18th, 2022 at 24.004066
Smart Scan Analysis for USDCUP
Based on our trend formula, USDCUP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).