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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.

FOREX_USDVES
Open High Low USDVES Price Change
35.49588 35.49588 35.49588 35.49588 0.00000
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 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).

+100
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.49588 35.49588 35.49588 35.49588 0.00000
Prev. Close Volume Bid Ask Time
35.49588 2023-12-06 12:05:23
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