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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Long-Term Downtrend (-90) - VESGBP is in a strong downtrend that is likely to continue. While VESGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for VESGBP
The long-term trend has been DOWN since Jul 12th, 2024 at 0.02114015
The intermediate-term trend has been DOWN since Sep 18th, 2024 at 0.02057051
The short-term trend has been DOWN since Jan 17th, 2025 at 0.01493249
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01378413 | 0.01380989 | 0.01348264 | 0.01365513 | -0.00012900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01378413 | 2025-02-04 23:40:36 |