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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Venezuelan Sovereign Bolivar (FOREX:EURVES)
Sidelines Mode (-55) - EURVES 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 EURVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURVES.
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 EURVES
The long-term trend has been DOWN since Dec 1st, 2023 at 34.825924
The intermediate-term trend has been UP since May 6th, 2024 at 39.243094
The short-term trend has been DOWN since May 8th, 2024 at 39.199752
Smart Scan Analysis for EURVES
Based on our trend formula, EURVES is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 39.273157 | 39.273157 | 39.189135 | 39.245872 | -0.027285 |
| Prev. Close | Volume | Bid | Ask | Time |
| 39.273157 | 2024-05-08 15:54:26 |