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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Euro/Venezuelan Sovereign Bolivar (FOREX:EURVES)

Sidelines Mode (-55) - EURVES 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 EURVES?

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

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

FOREX_EURVES
Open High Low EURVES Price Change
25.665843 25.680056 25.665843 25.680056 +0.014213
Entry Signal

MarketClub’s Trade Triangles for EURVES

long term up The long-term trend has been UP since May 23rd, 2022 at 5.174150

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 25.684285

short term up The short-term trend has been UP since Mar 14th, 2023 at 25.643877

Smart Scan Analysis for EURVES

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

-55
Smart Scan Analysis for EURVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.665843 25.680056 25.665843 25.680056 +0.014213
Prev. Close Volume Bid Ask Time
25.665843 2023-03-17 13:12:34
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