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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.

FOREX_USDCVE
Open High Low USDCVE Price Change
99.425 99.460 99.425 99.460 +0.035
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long-term trend has been UP since Mar 23rd, 2020 at 102.49000

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2020 at 100.97500

short term down 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).

-70
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
99.425 99.460 99.425 99.460 +0.035
Prev. Close Volume Bid Ask Time
99.425 99.060 99.860 2020-06-01 16:38:28
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