Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Cuban Peso (FOREX:USDCUP)
Sidelines Mode (-55) - USDCUP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jun 13th, 2021 at 24.078832
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 23.956749
The short-term trend has been UP since Oct 7th, 2021 at 24.003277
Smart Scan Analysis for USDCUP
Based on our trend formula, USDCUP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).