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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Countertrend Up (+85) - GBPVES is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
7.211168 7.211168 7.211168 7.211168 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPVES

long term up The long-term trend has been UP since May 23rd, 2022 at 6.1435075

intermediate term up The intermediate-term trend has been UP since May 13th, 2022 at 5.6888264

short term up The short-term trend has been UP since Jun 17th, 2022 at 6.4585112

Smart Scan Analysis for GBPVES

Based on our trend formula, GBPVES is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.211168 7.211168 7.211168 7.211168 0.000000
Prev. Close Volume Bid Ask Time
7.211168 2022-08-12 14:18:41
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