Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Weak Downtrend (-65) - USDCVE is showing signs of a strengthening downtrend. Monitor USDCVE as it may be building momentum to the downside.
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 23rd, 2020 at 102.49000
The intermediate-term trend has been DOWN since May 19th, 2020 at 100.97500
The short-term trend has been DOWN since May 27th, 2020 at 101.06597
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).