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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)
Long-Term Uptrend (+90) - USDVES is in a strong uptrend that is likely to continue. While USDVES 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 USDVES?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDVES.
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 USDVES
The long-term trend has been UP since Jul 21st, 2024 at 37.162617
The intermediate-term trend has been UP since Sep 17th, 2024 at 36.845779
The short-term trend has been UP since Oct 24th, 2024 at 39.847346
Smart Scan Analysis for USDVES
Based on our trend formula, USDVES is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 40.989992 | 40.989992 | 40.989992 | 40.989992 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 40.989992 | 2024-10-26 04:48:34 |