Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Strong Downtrend (-100) - SVCUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SVCUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SVCUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SVCUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SVCUSD
The long-term trend has been DOWN since Jul 18th, 2022 at 0.11420724
The intermediate-term trend has been DOWN since Aug 7th, 2022 at 0.11406260
The short-term trend has been DOWN since Aug 7th, 2022 at 0.11419753
Smart Scan Analysis for SVCUSD
Based on our trend formula, SVCUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).