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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
British Pound/Venezuelan Sovereign Bolivar (FOREX:GBPVES)
Long-Term Uptrend (+90) - GBPVES is in a strong uptrend that is likely to continue. While GBPVES is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for GBPVES
The long-term trend has been UP since Jul 12th, 2024 at 47.303367
The intermediate-term trend has been UP since Sep 18th, 2024 at 48.613293
The short-term trend has been UP since Nov 21st, 2024 at 58.784274
Smart Scan Analysis for GBPVES
Based on our trend formula, GBPVES is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 58.230727 | 58.230727 | 57.914258 | 57.914258 | -0.316469 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.230727 | 2024-11-22 04:18:55 |