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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Weak Downtrend (-65) - GBPVES is showing signs of a strengthening downtrend. Monitor GBPVES as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPVES?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPVES.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPVES
Open High Low GBPVES Price Change
45.659862 45.659862 45.626231 45.639576 -0.020286
Entry Signal

MarketClub’s Trade Triangles for GBPVES

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 45.190044

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 45.728938

short term down The short-term trend has been DOWN since May 8th, 2024 at 45.677986

Smart Scan Analysis for GBPVES

Based on our trend formula, GBPVES is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.659862 45.659862 45.626231 45.639576 -0.020286
Prev. Close Volume Bid Ask Time
45.751439 2024-05-08 15:54:26
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