Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 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.

FOREX_BRLVES
Open High Low BRLVES Price Change
7.2655 7.2833 7.2447 7.2518 -0.0137
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long-term trend has been UP since May 4th, 2023 at 5.0084

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2024 at 7.2553

short term up The short-term trend has been UP since Mar 20th, 2024 at 7.2735

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).

-55
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.2655 7.2833 7.2447 7.2518 -0.0137
Prev. Close Volume Bid Ask Time
7.2655 2024-03-28 13:17:18
Get a free daily analysis and signals for Brazilian Real/Venezuelan Sovereign Bolivar (BRLVES) - Request Your Free Report.