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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.

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FOREX_SVCUSD
Open High Low SVCUSD Price Change
0.11430871 0.11430871 0.11430871 0.11430871 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SVCUSD

long term down The long-term trend has been DOWN since Jul 18th, 2022 at 0.11420724

intermediate term down The intermediate-term trend has been DOWN since Aug 7th, 2022 at 0.11406260

short term down 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).

-100
Smart Scan Analysis for SVCUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11430871 0.11430871 0.11430871 0.11430871 0.00000000
Prev. Close Volume Bid Ask Time
0.11380044 2022-08-10 07:20:32
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