Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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.
MarketClub’s Trade Triangles for SVCUSD
The long-term trend has been DOWN since Jun 13th, 2021 at 0.11397291
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 0.11424278
The short-term trend has been DOWN since Oct 25th, 2021 at 0.11424278
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).