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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Seychelles Rupee/British Pound (FOREX:SCRGBP)

Countertrend Down (-85) - SCRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_SCRGBP
Open High Low SCRGBP Price Change
0.05405271 0.05837109 0.05404021 0.05615741 +0.00210500
Entry Signal

MarketClub’s Trade Triangles for SCRGBP

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 0.05551410

intermediate term down The intermediate-term trend has been DOWN since May 27th, 2024 at 0.05408533

short term up The short-term trend has been UP since Jun 19th, 2024 at 0.05681176

Smart Scan Analysis for SCRGBP

Based on our trend formula, SCRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SCRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05405271 0.05837109 0.05404021 0.05615741 +0.00210500
Prev. Close Volume Bid Ask Time
0.05408969 2024-06-21 16:55:15
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