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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Countertrend Up (+85) - USDCVE is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
107.0508 107.0508 107.0508 107.0508 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long-term trend has been UP since Mar 25th, 2021 at 93.35000

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2022 at 104.11000

short term up The short-term trend has been UP since Jun 30th, 2022 at 104.73897

Smart Scan Analysis for USDCVE

Based on our trend formula, USDCVE is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
107.0508 107.0508 107.0508 107.0508 0.0000
Prev. Close Volume Bid Ask Time
107.0508 2022-07-05 07:16:06
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