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.
MarketClub’s Trade Triangles for GBPVES
The long-term trend has been DOWN since Oct 4th, 2021 at 4430571.1000000
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 5624611.8000000
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).