Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Strong Downtrend (-100) - USDCVE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDCVE?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDCVE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDCVE
The long-term trend has been DOWN since Jun 5th, 2020 at 97.37112
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 90.91321
The short-term trend has been DOWN since Feb 22nd, 2021 at 90.91396
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).