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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Long-Term Downtrend (-90) - GBPVES is in a strong downtrend that is likely to continue. While GBPVES is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
45.154135 45.154135 45.154135 45.154135 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPVES

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 45.190044

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 45.994163

short term down The short-term trend has been DOWN since Apr 9th, 2024 at 45.741048

Smart Scan Analysis for GBPVES

Based on our trend formula, GBPVES is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.154135 45.154135 45.154135 45.154135 0.000000
Prev. Close Volume Bid Ask Time
45.154135 2024-04-18 15:56:41
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