Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Euro/Seychelles Rupee (FOREX:EURSCR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since May 1st, 2018 at 16.235
The intermediate term trend has been DOWN since May 16th, 2018 at 15.872
The short term trend has been UP since May 22nd, 2018 at 16.131
Smart Scan Analysis for EURSCR
Based on a pre-defined weighted trend formula for chart analysis, EURSCR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).