Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Salvadoran Colon/US Dollar (FOREX:SVCUSD)
Bear Market Rally (-75) - SVCUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SVCUSD as it may be in the beginning of a reversal.
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 May 13th, 2020 at 0.11411205
The intermediate-term trend has been UP since May 18th, 2020 at 0.11512682
The short-term trend has been DOWN since May 21st, 2020 at 0.11432682
Smart Scan Analysis for SVCUSD
Based on our trend formula, SVCUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).