Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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 Sep 22nd, 2023 at 9.356
The intermediate-term trend has been UP since Oct 18th, 2023 at 9.222
The short-term trend has been DOWN since Dec 1st, 2023 at 9.550
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).