Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Salvadoran Colon (FOREX:GBPSVC)
Countertrend Up (+85) - GBPSVC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 9th, 2020 at 11.059414
The intermediate-term trend has been UP since Nov 9th, 2020 at 11.508581
The short-term trend has been UP since Dec 3rd, 2020 at 11.673613
Smart Scan Analysis for GBPSVC
Based on our trend formula, GBPSVC is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).