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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.

FOREX_USDCVE
Open High Low USDCVE Price Change
101.50978 101.50978 101.50978 101.50978 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDCVE

long term up The long-term trend has been UP since Mar 23rd, 2020 at 102.49000

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2020 at 100.65000

short term up 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).

+70
Smart Scan Analysis for USDCVE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.50978 101.50978 101.50978 101.50978 0.00000
Prev. Close Volume Bid Ask Time
101.50978 101.50978 101.50978 2020-04-09 07:19:39
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