Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)
Bull Market Weakness (+75) - GBPVES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPVES as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for GBPVES
The long-term trend has been UP since Jul 12th, 2024 at 47.303367
The intermediate-term trend has been UP since Sep 18th, 2024 at 48.613293
The short-term trend has been DOWN since Nov 19th, 2024 at 57.136828
Smart Scan Analysis for GBPVES
Based on our trend formula, GBPVES is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.075553 | 58.209553 | 58.061541 | 58.084196 | +0.008643 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.075553 | 2024-11-20 03:32:50 |