Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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 Sep 20th, 2023 at 10.856788
The intermediate-term trend has been UP since Nov 10th, 2023 at 10.661249
The short-term trend has been UP since Nov 10th, 2023 at 10.661249
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).