Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
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.
MarketClub’s Trade Triangles for GBPVES
The long-term trend has been UP since May 23rd, 2022 at 6.1435075
The intermediate-term trend has been UP since Mar 27th, 2023 at 29.3285630
The short-term trend has been UP since Oct 2nd, 2023 at 41.5616900
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).