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Forex Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Long-Term Downtrend (-90) - SVCUSD is in a strong downtrend that is likely to continue. While SVCUSD 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 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.
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MarketClub’s Trade Triangles for SVCUSD
The long-term trend has been DOWN since Apr 17th, 2023 at 0.11423267
The intermediate-term trend has been DOWN since May 28th, 2023 at 0.11427005
The short-term trend has been DOWN since Apr 24th, 2023 at 0.11430673
Smart Scan Analysis for SVCUSD
Based on our trend formula, SVCUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11434286 | 0.11434286 | 0.11434286 | 0.11434286 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11434286 | 2023-06-02 07:26:53 |