Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Euro/Seychelles Rupee (FOREX:EURSCR)
Sidelines Mode (+55) - EURSCR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURSCR?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSCR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSCR
The long-term trend has been UP since Nov 6th, 2023 at 15.527
The intermediate-term trend has been UP since Oct 11th, 2023 at 15.163
The short-term trend has been DOWN since Nov 29th, 2023 at 14.434
Smart Scan Analysis for EURSCR
Based on our trend formula, EURSCR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).