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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

British Pound/Salvadoran Colon (FOREX:GBPSVC)

Countertrend Down (-85) - GBPSVC is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid GBPSVC?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSVC.

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FOREX_GBPSVC
Open High Low GBPSVC Price Change
11.102671 11.102671 11.102671 11.102671 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPSVC

long term down The long-term trend has been DOWN since Nov 18th, 2024 at 11.093291

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2024 at 11.531521

short term up The short-term trend has been UP since Dec 2nd, 2024 at 11.080648

Smart Scan Analysis for GBPSVC

Based on our trend formula, GBPSVC is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPSVC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.102671 11.102671 11.102671 11.102671 0.000000
Prev. Close Volume Bid Ask Time
11.102671 2024-12-02 21:06:05
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