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Forex Trend Analysis Report

Prepared for you on Sunday, April 11, 2021.

British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)

Countertrend Up (+85) - GBPVES is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_GBPVES
Open High Low GBPVES Price Change
2744008.9375 2744008.9375 2742899.5000 2742899.5000 -1109.4375
Entry Signal

MarketClub’s Trade Triangles for GBPVES

long term up The long-term trend has been UP since Sep 25th, 2018 at 80.7890

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2021 at 2622818.6875

short term up The short-term trend has been UP since Mar 26th, 2021 at 2502228.7500

Smart Scan Analysis for GBPVES

Based on our trend formula, GBPVES is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2744008.9375 2744008.9375 2742899.5000 2742899.5000 -1109.4375
Prev. Close Volume Bid Ask Time
3061147.7500 2021-04-02 10:12:40
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