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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Seychelles Rupee/US Dollar (FOREX:SCRUSD)

Crossroads (+60) - SCRUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.07725336 0.07844284 0.07003258 0.07786421 +0.00061100
Entry Signal

MarketClub’s Trade Triangles for SCRUSD

long term up The long-term trend has been UP since Apr 27th, 2022 at 0.07851680

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2022 at 0.07014563

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.07005319

Smart Scan Analysis for SCRUSD

Based on our trend formula, SCRUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for SCRUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07725336 0.07844284 0.07003258 0.07786421 +0.00061100
Prev. Close Volume Bid Ask Time
0.07725336 2022-08-16 22:07:41
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