Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Venezuelan Sovereign Bolivar/US Dollar (FOREX:VESUSD)
Sidelines Mode (+55) - VESUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 6th, 2020 at 0.00001237
The intermediate-term trend has been UP since Jul 6th, 2020 at 0.00000496
The short-term trend has been DOWN since Feb 22nd, 2021 at 0.00000057
Smart Scan Analysis for VESUSD
Based on our trend formula, VESUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).