Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Bear Market Rally (-75) - VESGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VESGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid VESGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for VESGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VESGBP
The long-term trend has been DOWN since May 23rd, 2022 at 0.16277389
The intermediate-term trend has been UP since Mar 7th, 2023 at 0.03436794
The short-term trend has been DOWN since Mar 14th, 2023 at 0.03468813
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).