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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Weak Downtrend (-65) - GBPVES is showing signs of a strengthening downtrend. Monitor GBPVES as it may be building momentum to the downside.

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
45.822745 45.822745 45.822745 45.822745 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 down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 45.9941630

short term down The short-term trend has been DOWN since Mar 19th, 2024 at 46.1145020

Smart Scan Analysis for GBPVES

Based on our trend formula, GBPVES is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
45.822745 45.822745 45.822745 45.822745 0.000000
Prev. Close Volume Bid Ask Time
45.822745 2024-03-27 15:34:22
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