Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Salvadoran Colon/British Pound (FOREX:SVCGBP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SVCGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.09014900
The intermediate term trend has been UP since Jan 20th, 2020 at 0.08762044
The short term trend has been UP since Jan 9th, 2020 at 0.08712515
Smart Scan Analysis for SVCGBP
Based on a pre-defined weighted trend formula for chart analysis, SVCGBP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).