Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Strong Uptrend (+100) - USDCVE is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDCVE continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Mar 25th, 2021 at 93.35000
The intermediate-term trend has been UP since Sep 24th, 2021 at 94.37500
The short-term trend has been UP since Sep 9th, 2021 at 92.87155
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).