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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/Cape Verdean Escudo (FOREX:USDCVE)
Crossroads (-60) - USDCVE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDCVE
The long-term trend has been DOWN since Jul 14th, 2024 at 101.23020
The intermediate-term trend has been UP since Oct 7th, 2024 at 99.95513
The short-term trend has been UP since Oct 1st, 2024 at 99.50000
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 102.45 | 102.45 | 102.45 | 102.45 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 102.08 | 2024-10-23 10:51:33 |