Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Venezuelan Sovereign Bolivar/US Dollar (FOREX:VESUSD)
Strong Downtrend (-100) - VESUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, VESUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid VESUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for VESUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VESUSD
The long-term trend has been DOWN since May 9th, 2022 at 0.22120526
The intermediate-term trend has been DOWN since Mar 27th, 2023 at 0.04131284
The short-term trend has been DOWN since Apr 14th, 2023 at 0.04089976
Smart Scan Analysis for VESUSD
Based on our trend formula, VESUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).