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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
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 UP since Feb 1st, 2022 at 0.8622
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 4.6299
The short-term trend has been UP since Mar 20th, 2023 at 4.6022
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 |
|---|---|---|---|---|
| 4.6190 | 4.6329 | 4.6036 | 4.6178 | -0.0012 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.6190 | 2023-03-21 23:28:59 |