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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
US Dollar/Cuban Peso (FOREX:USDCUP)
Sidelines Mode (+50) - USDCUP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDCUP can gain momentum.
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.
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MarketClub’s Trade Triangles for USDCUP
The long-term trend has been DOWN since Aug 2nd, 2024 at 23.880141
The intermediate-term trend has been UP since Nov 20th, 2024 at 24.016255
The short-term trend has been UP since Nov 20th, 2024 at 24.016255
Smart Scan Analysis for USDCUP
Based on our trend formula, USDCUP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 24.019989 | 24.019989 | 24.019989 | 24.019989 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 24.019989 | 2024-11-20 19:11:53 |