Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
Euro/Venezuelan Sovereign Bolivar (FOREX:EURVES)
Sidelines Mode (+55) - EURVES 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 EURVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURVES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURVES
The long-term trend has been DOWN since Oct 4th, 2021 at 3813115.3125000
The intermediate-term trend has been UP since Oct 25th, 2021 at 4.8928262
The short-term trend has been DOWN since Nov 24th, 2021 at 5.0955000
Smart Scan Analysis for EURVES
Based on our trend formula, EURVES is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).