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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.

FOREX_BRLVES
Open High Low BRLVES Price Change
345956.6171875 345995.0234375 339346.9453125 340359.7187500 -5596.8984380
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long-term trend has been UP since Oct 3rd, 2018 at 15.8690000

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2021 at 219911.5117188

short term up 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).

+90
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
345956.6171875 345995.0234375 339346.9453125 340359.7187500 -5596.8984380
Prev. Close Volume Bid Ask Time
345956.6171875 2021-02-25 11:52:57
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