Free Daily Analysis

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
90.63522 90.63522 90.63522 90.63522 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 97.37112

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 90.91321

short term down 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).

-100
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
90.63522 90.63522 90.63522 90.63522 0.00000
Prev. Close Volume Bid Ask Time
90.63522 2021-02-24 07:23:15
Get a free daily analysis and signals for US Dollar/Cape Verdean Escudo (USDCVE) - Request Your Free Report.