Forex Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
Seychelles Rupee/British Pound (FOREX:SCRGBP)
Sidelines Mode (+55) - SCRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SCRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SCRGBP
The long-term trend has been DOWN since May 5th, 2023 at 0.05707857
The intermediate-term trend has been UP since Aug 2nd, 2023 at 0.06016068
The short-term trend has been DOWN since Sep 25th, 2023 at 0.05987005
Smart Scan Analysis for SCRGBP
Based on our trend formula, SCRGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).