Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)
Bull Market Weakness (+75) - BRLVES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLVES as it may be in the beginning stages of a reversal.
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 DOWN since Dec 26th, 2024 at 7.6537
The short-term trend has been UP since Jan 3rd, 2025 at 8.6065
Smart Scan Analysis for BRLVES
Based on our trend formula, BRLVES is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.0279 | 9.0795 | 8.9820 | 9.0634 | +0.0355 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.0279 | 2025-01-20 09:37:29 |