Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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, SHORTSYMBOL 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 Jan 30th, 2020 at 0.00001338
The intermediate-term trend has been DOWN since Mar 31st, 2020 at 0.00001351
The short-term trend has been DOWN since May 11th, 2020 at 0.00000571
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).