Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)
Sidelines Mode (+50) - USDVES is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDVES can gain momentum.
Is it time to buy, sell, or avoid USDVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDVES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDVES
The long-term trend has been DOWN since Oct 4th, 2021 at 3216572.50000
The intermediate-term trend has been UP since Oct 25th, 2021 at 4.20580
The short-term trend has been UP since Oct 22nd, 2021 at 4.17645
Smart Scan Analysis for USDVES
Based on our trend formula, USDVES is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).