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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.

Open High Low BRLVES Price Change
4.6190 4.6329 4.6036 4.6178 -0.0012
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long-term trend has been UP since Feb 1st, 2022 at 0.8622

intermediate term down The intermediate-term trend has been DOWN since Mar 10th, 2023 at 4.6299

short term up 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).

Smart Scan Analysis for BRLVES
Strong Downtrend Sideways 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
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