Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)
Strong Uptrend (+100) - USDVES is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDVES 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 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 UP since May 9th, 2022 at 4.520700
The intermediate-term trend has been UP since Mar 27th, 2023 at 24.206055
The short-term trend has been UP since Apr 14th, 2023 at 24.459100
Smart Scan Analysis for USDVES
Based on our trend formula, USDVES is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).