Forex Trend Analysis Report
Prepared for you on Thursday, January 18, 2018.
Seychelles Rupee/US Dollar (FOREX:SCRUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Oct 30th, 2017 at 0.072465
The intermediate term trend has been DOWN since Oct 30th, 2017 at 0.072515
The short term trend has been UP since Jan 18th, 2018 at 0.074690
Smart Scan Analysis for SCRUSD
Based on a pre-defined weighted trend formula for chart analysis, SCRUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).