Forex Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
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 25th, 2021 at 93.35000
The intermediate-term trend has been UP since Sep 24th, 2021 at 94.37500
The short-term trend has been DOWN since Nov 29th, 2021 at 98.31483
Smart Scan Analysis for USDCVE
Based on our trend formula, USDCVE is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).