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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

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.

FOREX_VESGBP
Open High Low VESGBP Price Change
0.02124446 0.02125295 0.02123794 0.02125113 +0.00000700
Entry Signal

MarketClub’s Trade Triangles for VESGBP

long term down The long-term trend has been DOWN since Jul 12th, 2024 at 0.02114015

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2024 at 0.02139474

short term up The short-term trend has been UP since Jul 23rd, 2024 at 0.02122152

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).

-75
Smart Scan Analysis for VESGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02124446 0.02125295 0.02123794 0.02125113 +0.00000700
Prev. Close Volume Bid Ask Time
0.02124446 2024-07-25 02:36:03
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