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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Venezuelan Sovereign Bolivar/US Dollar (FOREX:VESUSD)
Bear Market Rally (-75) - VESUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on VESUSD as it may be in the beginning 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.
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MarketClub’s Trade Triangles for VESUSD
The long-term trend has been DOWN since Jul 21st, 2024 at 0.02690876
The intermediate-term trend has been DOWN since Sep 17th, 2024 at 0.02714015
The short-term trend has been UP since Nov 19th, 2024 at 0.02220264
Smart Scan Analysis for VESUSD
Based on our trend formula, VESUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.02184176 | 0.02184751 | 0.02183540 | 0.02184183 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.02184176 | 2024-11-20 03:32:50 |