Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
British Pound/Cape Verdean Escudo (FOREX:GBPCVE)
Sidelines Mode (+50) - GBPCVE is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPCVE can gain momentum.
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.
MarketClub’s Trade Triangles for GBPCVE
The long-term trend has been DOWN since Sep 2nd, 2022 at 127.84422
The intermediate-term trend has been UP since Mar 17th, 2023 at 125.09359
The short-term trend has been UP since Mar 10th, 2023 at 124.40904
Smart Scan Analysis for GBPCVE
Based on our trend formula, GBPCVE is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).