Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Weak Downtrend (-65) - VESGBP is showing signs of a strengthening downtrend. Monitor VESGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid VESGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for VESGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for VESGBP
The long-term trend has been UP since Jul 6th, 2020 at 0.00000996
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 0.00000067
The short-term trend has been DOWN since Feb 22nd, 2021 at 0.00000041
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).