Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Bull Market Weakness (+75) - USDCVE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for USDCVE
The long-term trend has been UP since Mar 23rd, 2020 at 102.49000
The intermediate-term trend has been UP since Mar 23rd, 2020 at 100.65000
The short-term trend has been UP since Mar 17th, 2020 at 98.01943
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).