Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Venezuelan Sovereign Bolivar/Euro (FOREX:VESEUR)
Strong Downtrend (-100) - VESEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, VESEUR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid VESEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for VESEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VESEUR
The long-term trend has been DOWN since May 23rd, 2022 at 0.19334964
The intermediate-term trend has been DOWN since Mar 27th, 2023 at 0.03868004
The short-term trend has been DOWN since Nov 9th, 2023 at 0.02652753
Smart Scan Analysis for VESEUR
Based on our trend formula, VESEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).