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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Venezuelan Sovereign Bolivar/US Dollar (FOREX:VESUSD)
Crossroads (-60) - VESUSD is struggling to move into a solid trend. Beware of choppy markets 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.
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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 UP since Mar 7th, 2023 at 0.04114139
The short-term trend has been UP since Mar 3rd, 2023 at 0.04110724
Smart Scan Analysis for VESUSD
Based on our trend formula, VESUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04153413 | 0.04153413 | 0.04153413 | 0.04153413 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04153413 | 2023-03-17 13:12:33 |