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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDVES
Open High Low USDVES Price Change
67145.0 67742.5 67145.0 67742.5 +597.5
Entry Signal

MarketClub’s Trade Triangles for USDVES

long term up The long term trend has been UP since Sep 27th, 2018 at 61.7876

intermediate term up The intermediate term trend has been UP since Oct 28th, 2019 at 18693.0000

short term up The short term trend has been UP since Jan 2nd, 2020 at 45439.0000

Smart Scan Analysis for USDVES

Based on a pre-defined weighted trend formula for chart analysis, USDVES scored +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
67145.0 67742.5 67145.0 67742.5 +597.5
Prev. Close Volume Bid Ask Time
67145.0 67645.0 67840.0 2020-01-14 09:55:58
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