Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Weak Uptrend (+65) - VESGBP is showing signs of weakening momentum to the upside. Monitor VESGBP as it may be in the beginning stages 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 UP since Oct 4th, 2021 at 0.00000023
The intermediate-term trend has been UP since Oct 4th, 2021 at 0.00000018
The short-term trend has been DOWN since Oct 14th, 2021 at 0.17651107
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).