Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for USDVES
The long-term trend has been UP since Jul 21st, 2024 at 37.162617
The intermediate-term trend has been UP since Sep 17th, 2024 at 36.845779
The short-term trend has been DOWN since Nov 19th, 2024 at 45.039700
Smart Scan Analysis for USDVES
Based on our trend formula, USDVES is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 45.783862 | 45.797195 | 45.771811 | 45.783344 | -0.000518 |
| Prev. Close | Volume | Bid | Ask | Time |
| 45.783862 | 2024-11-20 03:24:35 |