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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)
Sidelines Mode (-55) - BRLVES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BRLVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for BRLVES.
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 BRLVES
The long-term trend has been DOWN since Apr 1st, 2024 at 7.1642
The intermediate-term trend has been UP since May 7th, 2024 at 7.2267
The short-term trend has been DOWN since May 8th, 2024 at 7.1537
Smart Scan Analysis for BRLVES
Based on our trend formula, BRLVES is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.1769 | 7.1791 | 7.1762 | 7.1768 | -0.0001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.1769 | 2024-05-09 07:20:54 |