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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Countertrend Down (-85) - USDCVE is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been DOWN since Jul 14th, 2024 at 101.23020
The intermediate-term trend has been DOWN since Jul 4th, 2024 at 101.97730
The short-term trend has been UP since Jul 23rd, 2024 at 101.29437
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 101.51913 | 101.51913 | 101.51913 | 101.51913 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 101.51913 | 2024-07-26 14:00:13 |