Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Countertrend Up (+85) - USDVES 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 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.

FOREX_USDVES
Open High Low USDVES Price Change
24.371098 24.371098 24.371098 24.371098 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDVES

long term up The long-term trend has been UP since May 9th, 2022 at 4.520700

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2023 at 24.206055

short term up The short-term trend has been UP since Mar 27th, 2023 at 24.149251

Smart Scan Analysis for USDVES

Based on our trend formula, USDVES is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.371098 24.371098 24.371098 24.371098 0.000000
Prev. Close Volume Bid Ask Time
24.372881 2023-03-27 10:42:11
Get a free daily analysis and signals for US Dollar/Venezuelan Sovereign Bolivar (USDVES) - Request Your Free Report.