Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)
Bear Market Rally (-75) - GBPVES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPVES as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPVES.
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 GBPVES
The long-term trend has been DOWN since Apr 12th, 2024 at 45.190044
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 45.994163
The short-term trend has been UP since Apr 24th, 2024 at 45.154135
Smart Scan Analysis for GBPVES
Based on our trend formula, GBPVES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 45.486831 | 45.486831 | 45.486831 | 45.486831 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 45.486831 | 2024-04-25 14:19:24 |