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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.

FOREX_VESUSD
Open High Low VESUSD Price Change
0.04153413 0.04153413 0.04153413 0.04153413 0.00000000
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 Mar 7th, 2023 at 0.04114139

short term up 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).

-60
Smart Scan Analysis for VESUSD
Strong Downtrend Sideways 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
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