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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Seychelles Rupee/US Dollar (FOREX:SCRUSD)

Long-Term Downtrend (-90) - SCRUSD is in a strong downtrend that is likely to continue. While SCRUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SCRUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for SCRUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SCRUSD
Open High Low SCRUSD Price Change
0.05700027 0.05701842 0.05649361 0.05701842 +0.00001800
Entry Signal

MarketClub’s Trade Triangles for SCRUSD

long term down The long-term trend has been DOWN since Jan 31st, 2020 at 0.07129295

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2020 at 0.05518813

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.05696295

Smart Scan Analysis for SCRUSD

Based on our trend formula, SCRUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SCRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05700027 0.05701842 0.05649361 0.05701842 +0.00001800
Prev. Close Volume Bid Ask Time
0.05700027 0.05409784 0.05993900 2020-05-29 17:09:03
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