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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.

FOREX_USDVES
Open High Low USDVES Price Change
4.6371 4.6371 4.6322 4.6322 -0.0049
Entry Signal

MarketClub’s Trade Triangles for USDVES

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 3216572.50000

intermediate term up The intermediate-term trend has been UP since Oct 25th, 2021 at 4.20580

short term up 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).

+50
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6371 4.6371 4.6322 4.6322 -0.0049
Prev. Close Volume Bid Ask Time
4.6371 2021-12-03 16:57:08
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