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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Brazilian Real/Venezuelan Sovereign Bolivar (FOREX:BRLVES)
Bear Market Rally (-75) - BRLVES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BRLVES as it may be in the beginning 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.
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MarketClub’s Trade Triangles for BRLVES
The long-term trend has been DOWN since Apr 1st, 2024 at 7.1642
The intermediate-term trend has been DOWN since May 27th, 2024 at 7.0493
The short-term trend has been UP since Jul 16th, 2024 at 6.7383
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4721 | 6.4952 | 6.4412 | 6.4642 | -0.0079 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4721 | 2024-07-26 17:03:50 |