Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Salvadoran Colon/British Pound (FOREX:SVCGBP)
Long-Term Downtrend (-90) - SVCGBP is in a strong downtrend that is likely to continue. While SVCGBP 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 SVCGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVCGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SVCGBP
The long-term trend has been DOWN since Jul 9th, 2020 at 0.09047375
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 0.08693819
The short-term trend has been DOWN since Feb 9th, 2021 at 0.08341449
Smart Scan Analysis for SVCGBP
Based on our trend formula, SVCGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).