Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)
Strong Uptrend (+100) - GBPVES is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPVES 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 GBPVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPVES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPVES
The long-term trend has been UP since Sep 25th, 2018 at 80.7890000
The intermediate-term trend has been UP since Mar 31st, 2020 at 94708.8906250
The short-term trend has been UP since May 26th, 2020 at 228699.7539062
Smart Scan Analysis for GBPVES
Based on our trend formula, GBPVES is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).