Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Countertrend Down (-85) - VESGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Jan 30th, 2020 at 0.00001028
The intermediate-term trend has been DOWN since Mar 31st, 2020 at 0.00001056
The short-term trend has been UP since May 22nd, 2020 at 0.00000446
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).