Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Venezuelan Sovereign Bolivar/US Dollar (FOREX:VESUSD)
Bull Market Weakness (+75) - VESUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on VESUSD as it may be in the beginning stages of a reversal.
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 UP since Oct 4th, 2021 at 0.00000031
The intermediate-term trend has been UP since Oct 4th, 2021 at 0.00000024
The short-term trend has been UP since Oct 18th, 2021 at 0.24123511
Smart Scan Analysis for VESUSD
Based on our trend formula, VESUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).