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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
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, USDCVE 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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been DOWN since Nov 24th, 2022 at 106.30000
The intermediate-term trend has been DOWN since Mar 18th, 2023 at 103.18641
The short-term trend has been DOWN since Mar 10th, 2023 at 103.61808
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 102.27726 | 102.27726 | 102.27726 | 102.27726 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 102.27726 | 2023-03-18 03:55:50 |