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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Bear Market Rally (-75) - BRLVES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLVES as it may be in the beginning 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.

FOREX_BRLVES
Open High Low BRLVES Price Change
0.7684 0.7685 0.7683 0.7684 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 610657.480000

intermediate term down The intermediate-term trend has been DOWN since Sep 17th, 2021 at 758299.234375

short term up The short-term trend has been UP since Oct 25th, 2021 at 0.748100

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).

-75
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7684 0.7685 0.7683 0.7684 0.0000
Prev. Close Volume Bid Ask Time
0.7684 2021-10-26 07:51:41
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