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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been UP since Nov 8th, 2024 at 102.45
The intermediate-term trend has been UP since Nov 8th, 2024 at 102.45
The short-term trend has been UP since Nov 8th, 2024 at 102.45
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.40674 | 104.55000 | 104.40674 | 104.55000 | +0.14326 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.40674 | 2024-11-19 11:27:17 |