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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

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
0.02746946 0.02748761 0.02743814 0.02748468 +0.00001500
Entry Signal

MarketClub’s Trade Triangles for VESUSD

long term down The long-term trend has been DOWN since May 9th, 2022 at 0.22120526

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2024 at 0.02748297

short term up The short-term trend has been UP since Jun 11th, 2024 at 0.02748297

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
0.02746946 0.02748761 0.02743814 0.02748468 +0.00001500
Prev. Close Volume Bid Ask Time
0.02746946 2024-06-13 21:30:39
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