Forex Trend Analysis Report

Prepared for you on Friday, July 26, 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.

Open	High	Low	VESGBP Price	Change
0.02128002	0.02136311	0.02121961	0.02125556	-0.00002400
Entry Signal

MarketClub’s Trade Triangles for VESGBP

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

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

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.02128002	0.02136311	0.02121961	0.02125556	-0.00002400
Prev. Close	Volume	Bid	Ask	Time
0.02128002				2024-07-26 19:32:35

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