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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Sidelines Mode (+55) - USDCVE 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 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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been UP since Feb 2nd, 2025 at 107.45000
The intermediate-term trend has been DOWN since Apr 3rd, 2025 at 100.95216
The short-term trend has been UP since May 1st, 2025 at 97.10000
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 97.00875 | 97.00875 | 97.00875 | 97.00875 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 97.58785 | 2025-05-07 07:25:21 |