Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Euro/Salvadoran Colon (FOREX:EURSVC)
Long-Term Downtrend (-90) - EURSVC is in a strong downtrend that is likely to continue. While EURSVC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Mar 19th, 2020 at 9.442
The intermediate-term trend has been DOWN since Mar 19th, 2020 at 9.578
The short-term trend has been DOWN since Mar 19th, 2020 at 9.755
Smart Scan Analysis for EURSVC
Based on our trend formula, EURSVC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).