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Forex Trend Analysis Report

Prepared for you on Friday, February 28, 2020.

British Pound/Cape Verdean Escudo (FOREX:GBPCVE)

Weak Downtrend (-65) - GBPCVE is showing signs of a strengthening downtrend. Monitor GBPCVE as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPCVE?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCVE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPCVE
Open High Low GBPCVE Price Change
129.63202 129.63202 129.63202 129.63202 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPCVE

long term up The long-term trend has been UP since Sep 17th, 2019 at 124.44000

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 129.82204

short term down The short-term trend has been DOWN since Feb 20th, 2020 at 132.37095

Smart Scan Analysis for GBPCVE

Based on our trend formula, GBPCVE is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.63202 129.63202 129.63202 129.63202 0.00000
Prev. Close Volume Bid Ask Time
129.05397 129.63202 129.63202 2020-02-27 07:22:36
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