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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Salvadoran Colon/Euro (FOREX:SVCEUR)

Sidelines Mode (+55) - SVCEUR 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 SVCEUR?

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

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

FOREX_SVCEUR
Open High Low SVCEUR Price Change
0.10607948 0.10607948 0.10607948 0.10607948 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SVCEUR

long term up The long-term trend has been UP since Sep 22nd, 2023 at 0.10695366

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.10850984

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.10477822

Smart Scan Analysis for SVCEUR

Based on our trend formula, SVCEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SVCEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10607948 0.10607948 0.10607948 0.10607948 0.00000000
Prev. Close Volume Bid Ask Time
0.10607948 2023-12-06 21:30:12
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