Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
British Pound/Salvadoran Colon (FOREX:GBPSVC)
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 GBPSVC
The long term trend has been DOWN since May 7th, 2018 at 11.9695
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 11.3775
The short term trend has been UP since Oct 7th, 2018 at 11.3985
Smart Scan Analysis for GBPSVC
Based on a pre-defined weighted trend formula for chart analysis, GBPSVC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).