Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Seychelles Rupee/US Dollar (FOREX:SCRUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SCRUSD
The long term trend has been DOWN since May 16th, 2018 at 0.071355
The intermediate term trend has been DOWN since May 14th, 2018 at 0.072855
The short term trend has been UP since Jul 16th, 2018 at 0.074164
Smart Scan Analysis for SCRUSD
Based on a pre-defined weighted trend formula for chart analysis, SCRUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).