Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
British Pound/Salvadoran Colon (FOREX:GBPSVC)
Bear Market Rally (-75) - GBPSVC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPSVC as it may be in the beginning of a reversal.
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 Mar 4th, 2020 at 11.260303
The intermediate-term trend has been DOWN since Mar 16th, 2020 at 11.212966
The short-term trend has been UP since Apr 9th, 2020 at 10.803874
Smart Scan Analysis for GBPSVC
Based on our trend formula, GBPSVC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).