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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Bear Market Rally (-75) - GBPVES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPVES as it may be in the beginning 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.

FOREX_GBPVES
Open High Low GBPVES Price Change
5.7577976 5.7577976 5.7577976 5.7577976 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPVES

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 4430571.1000000

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 5624611.8000000

short term up The short-term trend has been UP since Oct 14th, 2021 at 5.6653752

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).

-75
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.7577976 5.7577976 5.7577976 5.7577976 0.0000000
Prev. Close Volume Bid Ask Time
5.7577976 2021-10-21 11:17:08
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