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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)
Long-Term Uptrend (+90) - BRLVES is in a strong uptrend that is likely to continue. While BRLVES is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Oct 2nd, 2024 at 6.8202
The intermediate-term trend has been UP since Aug 12th, 2024 at 6.6711
The short-term trend has been UP since Nov 15th, 2024 at 7.8538
Smart Scan Analysis for BRLVES
Based on our trend formula, BRLVES is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.9306 | 7.9353 | 7.9281 | 7.9298 | -0.0008 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.9306 | 2024-11-20 03:27:06 |