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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
101.85 101.85 101.85 101.85 0.00
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long-term trend has been DOWN since Dec 24th, 2023 at 100.52558

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 102.05000

short term down The short-term trend has been DOWN since Apr 3rd, 2024 at 102.32319

Smart Scan Analysis for USDCVE

Based on our trend formula, USDCVE is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.85 101.85 101.85 101.85 0.00
Prev. Close Volume Bid Ask Time
102.80 2024-04-09 12:56:54
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