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Forex Trend Analysis Report

Prepared for you on Saturday, December 2, 2023.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Bull Market Weakness (+75) - BRLVES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BRLVES as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid BRLVES?

MarketClub looks at technical strength and momentum to determine if the timing is right for BRLVES.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low BRLVES Price Change
7.1997 7.2843 7.1850 7.2742 +0.0745
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term up The long-term trend has been UP since May 4th, 2023 at 5.0084

intermediate term up The intermediate-term trend has been UP since Oct 16th, 2023 at 6.9181

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 7.2063

Smart Scan Analysis for BRLVES

Based on our trend formula, BRLVES is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1997 7.2843 7.1850 7.2742 +0.0745
Prev. Close Volume Bid Ask Time
7.1997 2023-12-01 17:11:33
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