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.
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 Jun 14th, 2022 at 104.11000
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).