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Forex Trend Analysis Report

Prepared for you on Friday, December 3, 2021.

Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)

Sidelines Mode (-55) - BRLVES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BRLVES
Open High Low BRLVES Price Change
0.8206 0.8206 0.8206 0.8206 0.0000
Entry Signal

MarketClub’s Trade Triangles for BRLVES

long term down The long-term trend has been DOWN since Oct 4th, 2021 at 610657.4800

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2021 at 0.7775

short term down The short-term trend has been DOWN since Dec 1st, 2021 at 0.8128

Smart Scan Analysis for BRLVES

Based on our trend formula, BRLVES is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BRLVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8206 0.8206 0.8206 0.8206 0.0000
Prev. Close Volume Bid Ask Time
0.8206 2021-12-03 02:03:14
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