Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)
Strong Uptrend (+100) - GBPVES is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPVES continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Sep 25th, 2018 at 80.7890
The intermediate-term trend has been UP since Jan 4th, 2021 at 1489046.8125
The short-term trend has been UP since Feb 22nd, 2021 at 2460208.8750
Smart Scan Analysis for GBPVES
Based on our trend formula, GBPVES is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).