Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
Cape Verdean Escudo/British Pound (FOREX:CVEGBP)
Strong Downtrend (-100) - CVEGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CVEGBP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CVEGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVEGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CVEGBP
The long-term trend has been DOWN since Nov 11th, 2020 at 0.00811486
The intermediate-term trend has been DOWN since Dec 22nd, 2021 at 0.00770707
The short-term trend has been DOWN since Dec 17th, 2021 at 0.00774439
Smart Scan Analysis for CVEGBP
Based on our trend formula, CVEGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).