Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Euro/Seychelles Rupee (FOREX:EURSCR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSCR
The long term trend has been UP since Sep 27th, 2018 at 16.240
The intermediate term trend has been UP since Dec 10th, 2018 at 15.679
The short term trend has been DOWN since Dec 11th, 2018 at 15.484
Smart Scan Analysis for EURSCR
Based on a pre-defined weighted trend formula for chart analysis, EURSCR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).