Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
Venezuelan Sovereign Bolivar/British Pound (FOREX:VESGBP)
Sidelines Mode (-55) - VESGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 6th, 2020 at 0.00000390
The short-term trend has been UP since Jul 6th, 2020 at 0.00000402
Smart Scan Analysis for VESGBP
Based on our trend formula, VESGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).