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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

US Dollar/Cape Verdean Escudo (FOREX:USDCVE)

Strong Downtrend (-100) - USDCVE is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDCVE continues to fall. Traders should use caution and set stops.

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.

FOREX_USDCVE
Open High Low USDCVE Price Change
100.96141 100.96141 100.96141 100.96141 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term down The long-term trend has been DOWN since Jul 14th, 2024 at 101.23020

intermediate term down The intermediate-term trend has been DOWN since Jul 4th, 2024 at 101.97730

short term down The short-term trend has been DOWN since Jun 30th, 2024 at 102.87738

Smart Scan Analysis for USDCVE

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

-100
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
100.96141 100.96141 100.96141 100.96141 0.00000
Prev. Close Volume Bid Ask Time
100.96141 2024-07-14 13:10:50
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