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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.

FOREX_VESUSD
Open High Low VESUSD Price Change
0.23985167 0.23985167 0.23985167 0.23985167 0.00000000
Entry Signal

MarketClub’s Trade Triangles for VESUSD

long term up The long-term trend has been UP since Oct 4th, 2021 at 0.00000031

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 0.00000024

short term up 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).

+70
Smart Scan Analysis for VESUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.23985167 0.23985167 0.23985167 0.23985167 0.00000000
Prev. Close Volume Bid Ask Time
0.23985167 2021-10-21 11:17:08
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