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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Bull Market Weakness (+75) - USDVES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDVES as it may be in the beginning stages of a reversal.

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
36.27191 36.27191 36.27191 36.27191 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 15th, 2024 at 36.228385

short term up The short-term trend has been UP since Mar 27th, 2024 at 36.225346

Smart Scan Analysis for USDVES

Based on our trend formula, USDVES is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.27191 36.27191 36.27191 36.27191 0.00000
Prev. Close Volume Bid Ask Time
36.27191 2024-03-27 15:34:22
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