Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Euro/Salvadoran Colon (FOREX:EURSVC)
Bear Market Rally (-75) - EURSVC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURSVC as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURSVC?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSVC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSVC
The long-term trend has been DOWN since Aug 9th, 2021 at 10.305
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 10.295
The short-term trend has been UP since Oct 19th, 2021 at 10.116
Smart Scan Analysis for EURSVC
Based on our trend formula, EURSVC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).