Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
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.
MarketClub’s Trade Triangles for BRLVES
The long-term trend has been UP since Oct 3rd, 2018 at 15.8690000
The intermediate-term trend has been UP since Jan 6th, 2021 at 219911.5117188
The short-term trend has been UP since Feb 21st, 2021 at 322873.8515625
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).