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.
MarketClub’s Trade Triangles for SCRUSD
The long-term trend has been DOWN since Jan 31st, 2020 at 0.07129295
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.05518813
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).