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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Crossroads (-60) - USDVES is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
36.404070 36.404476 36.403535 36.404203 +0.000133
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 down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 36.403789

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 36.403789

Smart Scan Analysis for USDVES

Based on our trend formula, USDVES is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.404070 36.404476 36.403535 36.404203 +0.000133
Prev. Close Volume Bid Ask Time
36.404070 2024-06-13 06:03:18
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