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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Weak Uptrend (+65) - USDCVE is showing signs of weakening momentum to the upside. Monitor USDCVE as it may be in the beginning stages of a reversal.

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
103.57022 103.87500 103.57022 103.87500 +0.30478
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long-term trend has been UP since Apr 14th, 2024 at 103.22500

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 18th, 2024 at 103.33824

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
103.57022 103.87500 103.57022 103.87500 +0.30478
Prev. Close Volume Bid Ask Time
103.57022 2024-04-19 12:06:10
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