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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

US Dollar/Venezuelan Sovereign Bolivar (FOREX:USDVES)

Countertrend Up (+85) - USDVES 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 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.

FOREX_USDVES
Open High Low USDVES Price Change
36.485941 36.648680 36.468454 36.499635 +0.013694
Entry Signal

MarketClub’s Trade Triangles for USDVES

long term up The long-term trend has been UP since Jul 21st, 2024 at 37.162617

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 36.579102

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 36.482082

Smart Scan Analysis for USDVES

Based on our trend formula, USDVES is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for USDVES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.485941 36.648680 36.468454 36.499635 +0.013694
Prev. Close Volume Bid Ask Time
36.485941 2024-07-23 15:47:06
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