Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 SVCUSD
The long term trend has been UP since Jun 23rd, 2019 at 0.11510000
The intermediate term trend has been UP since Dec 29th, 2019 at 0.11443031
The short term trend has been UP since Jan 9th, 2020 at 0.11433955
Smart Scan Analysis for SVCUSD
Based on a pre-defined weighted trend formula for chart analysis, SVCUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).