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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Strong Uptrend (+100) - BRLVES is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BRLVES continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
18833.908 18843.099 18827.295 18840.893 +6.985
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long-term trend has been UP since Oct 3rd, 2018 at 15.869

intermediate term up The intermediate-term trend has been UP since Apr 2nd, 2020 at 15831.111

short term up The short-term trend has been UP since Apr 6th, 2020 at 16177.758

Smart Scan Analysis for BRLVES

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

+100
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18833.908 18843.099 18827.295 18840.893 +6.985
Prev. Close Volume Bid Ask Time
18833.908 18835.377 18846.408 2020-04-09 07:19:52
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