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.
MarketClub’s Trade Triangles for BRLVES
The long-term trend has been UP since Oct 3rd, 2018 at 15.869
The intermediate-term trend has been UP since Apr 2nd, 2020 at 15831.111
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).