Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
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 Sep 27th, 2018 at 61.7876
The intermediate-term trend has been UP since Mar 31st, 2020 at 74006.0000
The short-term trend has been UP since Mar 26th, 2020 at 71127.5000
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).