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Forex Trend Analysis Report

Prepared for you on Tuesday, August 4, 2020.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Countertrend Up (+85) - USDVES is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
249357 249357 249357 249357 0
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 Jul 8th, 2020 at 207462.5000

short term up The short-term trend has been UP since Jul 8th, 2020 at 207462.5000

Smart Scan Analysis for USDVES

Based on our trend formula, USDVES is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
249357 249357 249357 249357 0
Prev. Close Volume Bid Ask Time
258773 249057 249657 2020-07-30 16:07:10
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