Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
British Pound/Salvadoran Colon (FOREX:GBPSVC)
Sidelines Mode (+50) - GBPSVC is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPSVC can gain momentum.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSVC
The long-term trend has been DOWN since Jul 19th, 2021 at 12.047467
The intermediate-term trend has been UP since Oct 19th, 2021 at 12.003726
The short-term trend has been UP since Oct 12th, 2021 at 11.894879
Smart Scan Analysis for GBPSVC
Based on our trend formula, GBPSVC is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).